The History of the Nobel Prize My dynamite will sooner lead to peace than a thousand world conventions. As soon as men will find that in one instant, whole armies can be utterly destroyed, they surely will abide by golden peace.

Alfred Bernhard Nobel was born October 21, 1833 in Stockholm Sweden. Nobel, who invented dynamite, endowed a $9 million fund in his will. The interest on this endowment was to be used as awards for people whose work most benefited humanity. He wanted the profit from his invention to be used to reward human ingenuity. First awarded in 1901, the Nobel Prize is still the most honored in the world.

The Nobel Prize (Swedish: Nobelpriset) was established in Alfred Nobel's will in 1895, and it was first awarded in Physics, Chemistry, Physiology or Medicine, Literature, and Peace in 1901.Swedish Alfred NobelPhysics Chemistry Physiology or Medicine Literature Peace

The Nobel Peace Prize conveys social prestige, and that award also is often politically controversial. With the exception of the Nobel Peace Prize, the Nobel Prizes and the Prize in Economics are presented in Stockholm, Sweden, at the annual Prize Award Ceremony on December 10, the anniversary of Nobel’s death.Nobel Peace Prize StockholmSweden December 10

Winning a Nobel Prize is a life-changing honor. Whether the laureate is an internationally known figure (such as Mother Teresa, winner of the 1979 Peace Prize) or a scientist plucked from obscurity (like Richard R. Ernst, who won the 1991 prize in chemistry for refinements in nuclear magnetic resonance spectroscopy), the award brings with it worldwide recognition that highlights one's life work and provides the funds to continue and further the mission.Mother TeresaPeace PrizeRichard R. Ernstchemistry

Alfred Nobel was a Swedish chemist. He invented dynamite and became very wealthy. When he died he left more than nine million dollars of his fortune to set up the Nobel prizes.dynamite