Question: when was the nobel prize for literature instituted
Answer: The Nobel Prize in Literature ( Swedish : Nobelpriset i litteratur ) is a Swedish literature prize that is awarded annually , since 1901 , to an author from any country who has , in the words of the will of Swedish industrialist Alfred Nobel , produced `` in the field of literature the most outstanding work in an ideal direction '' ( original Swedish : `` den som inom litteraturen har producerat det mest framstående verket i en idealisk riktning '' ) .