The National Book Prize is an annual award that recognizes outstanding literary works in the United States. Established in 1950, it honors authors in various categories, including fiction, nonfiction, poetry, and young people's literature. The prize aims to celebrate the richness of American literature and promote reading among the public. Winners of the National Book Prize receive a medal and a cash award, along with national recognition. The selection process involves a panel of judges who evaluate submissions based on literary merit and originality. This prestigious award has helped elevate the careers of many notable authors, contributing to the cultural landscape of the nation.