 The Nobel Prize Awards explain simply. Meet Swedish inventor, Alfred Nobel. He's known for inventing dynamite, a breakthrough in chemistry. However, having mostly invented explosives, he worried about how people would remember him. So when he died, he left most of his wealth in a trust to fund what would later be known as the Nobel Prizes. These prizes are a set of annual international awards given for landmark achievements or discoveries made during the preceding year. They are widely regarded as the most prestigious honors in the fields of literature, medicine, physics, chemistry, peace, and economics. A separate committee awards each prize, but the processes are similar. About 3,000 people, usually academics, have the right to nominate candidates. From these, the Nobel committees choose around 300 potential recipients and prepare a report reflecting the advice of experts. The prize-awarding institutions then select the laureates by a majority vote. Each winner receives a gold medal, a diploma, and a sum of money. There is a maximum of three laureates per award, except for the Peace Prize, which can be awarded to institutions. You surely know some of the most famous laureates. Ernest Hemingway won for writing The Old Man in the Sea. What would humanity look like without Alexander Fleming, who discovered penicillin? Albert Einstein won for discovering the law of the photoelectric effect. Martin Luther King, Jr. showed the Western world that struggle can be won without violence. The only person to win two Nobel Prizes in different fields is Marie Curie, one for her work on radiation, and another discovering radium and polonium. And the Red Cross won a record three Nobel Prizes, mostly for their work protecting the rights of prisoners of war. These are the Nobel Prizes. Make a positive impact and get yours.