Final answer:
Toni Morrison was awarded the Nobel Prize for Literature in 1993 for her profound contributions to literature and her unique storytelling style that combined historical realism with folklore.
Step-by-step explanation:
Toni Morrison, a towering literary figure and the first African-American woman to win a Nobel Prize for Literature, received this prestigious accolade in 1993. Morrison's illustrious career encompassed various roles, but she is best known for her remarkable storytelling and the deep exploration of African American life in her works. Her innovative postmodernist literary technique, which she termed as "enchantment", is characterized by a blend of historical realism with folklore and supernatural elements.
These storytelling methods can be observed in famous novels like 'Song of Solomon' and 'Beloved', the latter of which won the Pulitzer Prize in 1987. The Nobel Prize recognized not only her mastery of the written word but also her influential role as a college professor, editor, essayist, and social commentator, contributing greatly to the arts and letters.