The first Nobel prizes were awarded in 1901

The first Nobel Prizes were given in 1901. Nobel Prizes; It is awarded by the Royal Swedish Academy of Sciences, the Swedish Academy, the Karolinska Institute, and the Norwegian Nobel Committee to individuals or organizations for their outstanding achievements in physics, chemistry, literature, peace and Physiology or Medicine. In line with the will of Alfred Nobel in 1895, it has been managed and run by the Nobel Foundation since 1896. Another award given in the field of economics began in 1968 for the contribution of Sveriges Riksbank and the Central Bank to the Swedish economy. Each award is given by a separate committee; The Royal Swedish Academy of Sciences provides awards in physics, chemistry, economics, the Karolinska Institute in Physiology or Medicine, and the Norwegian Nobel Committee awards in literature. A five-person council elected by the Norwegian Parliament from the Swedish Academy gives the awards in the field of peace. The person or institution that deserves an award receives a medal, a diploma and a varying amount of money over the years. In 1901, the first Nobel Prize winners were awarded 150,782 SEK. This award was equal to SEK 7,731,004 in December 2007. At Nobel's death anniversary ceremonies held on 10 December 2008 in Stockholm, prize winners were awarded 10,000,000 SEK.