Nobel Peace Prize
One of five Nobel Prizes
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Key Takeaways
- The Nobel Peace Prize is one of the five Nobel Prizes established by the will of Swedish industrialist, inventor, and armaments manufacturer Alfred Nobel, along with the prizes in Chemistry, Physics, Physiology or Medicine, and Literature.
- The Oxford Dictionary of Contemporary History describes it as "the most prestigious prize in the world".
- The prize award ceremony has been held in Oslo City Hall since 1990, previously in the assembly hall of the University of Oslo (1947–1989), Norwegian Nobel Institute (1905–1946), and the Parliament (1901–1904).
- The most recent prize was awarded to María Corina Machado "for her tireless work promoting democratic rights for the people of Venezuela and for her struggle to achieve a just and peaceful transition from dictatorship to democracy".
- Alfred Nobel's will further specified that the prize be awarded by a committee of five people chosen by the Norwegian Parliament.
The Nobel Peace Prize is one of the five Nobel Prizes established by the will of Swedish industrialist, inventor, and armaments manufacturer Alfred Nobel, along with the prizes in Chemistry, Physics, Physiology or Medicine, and Literature.
Since March 1901, it has been awarded annually (with some exceptions) to people who have "done the most or the best work for fraternity between nations, for the abolition or reduction of standing armies and for the holding and promotion of peace congresses". The Oxford Dictionary of Contemporary History describes it as "the most prestigious prize in the world".
In accordance with Nobel's will, the prize is selected by the Norwegian Nobel Committee, a five-member committee appointed by the Parliament of Norway unlike all the other awards chosen by the Swedish Nobel Committee. The prize award ceremony has been held in Oslo City Hall since 1990, previously in the assembly hall of the University of Oslo (1947–1989), Norwegian Nobel Institute (1905–1946), and the Parliament (1901–1904).
Due to its political nature, the Nobel Peace Prize has for most of its history been subject to numerous controversies. The most recent prize was awarded to María Corina Machado "for her tireless work promoting democratic rights for the people of Venezuela and for her struggle to achieve a just and peaceful transition from dictatorship to democracy".
Background
According to Nobel's will, the Peace Prize is awarded to the person who in the preceding year "shall have done the most or the best work for fraternity between nations, for the abolition or reduction of standing armies and for the holding and promotion of peace congresses". Alfred Nobel's will further specified that the prize be awarded by a committee of five people chosen by the Norwegian Parliament.
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