[MUSIC PLAYING]
Hey.
I'm Ben Bowlin with
today's question.
How does the Nobel Prize work?
We hear about these prizes
on the news constantly.
It seems like they've been
around forever, right?
But where do they
actually come from?
The six Nobel Prizes
are awarded each year
in the areas of peace,
chemistry, physics, medicine,
literature, and economics.
The prizes are named
after a guy called
Alfred Nobel, the
inventor of dynamite.
He created the
prizes in his will.
He donated a good portion
of his vast fortune
to fund the Nobel prizes.?
He decided who would judge
the winners of each award,
and he also named the
categories of prizes.
Originally, there were five.
Economics wasn't
added until the 1960s.
Today, the Nobel prizes?
Are administered by
the Nobel Foundation.
And they're awarded in fall
after a rigorous selection
process.
So the list of winners in
the different categories,
especially in physics
and chemistry,
it's kind of like a hall of
fame for those disciplines.
For example, the
winners in physics
include people you may have
heard of like, Albert Einstein,
Niels Bohr, Robert Millikan,
Louis Victor de Broglie, Werner
Heisenberg, and so on.
I mean, it's a pretty
prestigious list.
And today, each prize is valued
at over a million dollars.
A million dollars.
The reason it's
such a big deal is
because of the size of
the award and the fact
that the award's been
around since 1901.
That's long enough
that everybody's kind
of heard of it by now.
So that's it.
Thanks so much watching.
We hope you enjoyed
this introduction
to the basics of
the Nobel Prize.
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