Alfred Bernhard Nobel

Alfred Bernhard Nobel, a swedish investor and philanthropis, bequeathed most of this vast Fortune to a Trust that he designated as a fund from which annual prizes could be awarded to the individuals and Organization that had achieved through invention or Discovery that which would have greastest benefit to humanity in a particular year. According to a legenda. Nobel’s death had been erroneously reporter in a newspaper, and the focus the of the obituary was the fact that nobel had invented dyamit. He rewrote his will in 1895, thereby establishing, with the original amount of the millions dollars, the nobel Foundation as the legal owner and administering agen of the funds, and instituting the prizes that are named after him. Statutes to govern the awarding of the prizes Wet written, along with guidlines for operating procedures. Five years after nobel death, the First five prizes, worth about forty thousand dollars each, Were to be awarded.

Originally the five classifications for outstanding contributions designated in Nobel’s will included chemistry, physics, physiology or medicine, literatur, and international peace. These prizes have been administered continually by the nobel Foundation in stockholm since they Were First awarded in 1901. In 1969, a sixth prize, or accomplishments in the field of Economic and endowed by the Central Bank of sweden, was added. Candidates for the prizes must be nominated in writing by february 1 of each, year by a qualified and recognized Authority in each of the fields of competition. Recipients in physics, chemistry, and Economic are selected by the Royal Swedish Academy, whereas recipients in peace are chosen by the Norwegian Nobel Committee appointed by Norway’s parliament. With the king of sweden officiating, the prizes are usually presenter in stockholm on December 10, the anniversary of Nobel’s death. The value, fame, and prestige of the nobel prizes have continued to grow. Today the prize includes a medal, a diploma, and a cash award of about one million dollars.