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The Nobel Prize is the brainchild Avery
- Location: Avery, Idaho, United States
a Swedish chemist who was best known in his lifetime for the invention of dynamite. Upon his death in 1896, a reading of his will revealed stipulations that over 90% of his estate should be used to establish prizes in five categories: physics, chemistry, medicine, literature, and peace.
Many wonder why Nobel established the prizes, and it has often been assumed that he sought to make restitution for creating dynamite. Nobel did catch a glimpse of a French obituary for himself when his brother died and a French newspaper thought he had died. Among other colorful terms, the newspapers called Alfred Nobel a “merchant of death.” Therefore, the restitution to reward the positive aspects of the world remains the popular theory on the establishment of the Nobel Prize.
Alfred Nobel died in 1896, and the first prize was awarded in 1901. Nobel stipulated exactly how the prizes should be determined, and what bodies should be responsible for selecting and awarding them.
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