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jgrodsky eNotes educator| Certified Educator

The Nobel prize was started by a man named Alfred Nobel from Stockholm, Sweden. He was an inventor himself and contributed to over 355 inventions over his lifetime and was credited with the invention of dynamite. Nobel wanted to be remembered for his contributions after he died and drafted a will on November 1895 that stated his desire to award prizes to those that contributed the "greatest benefit on mankind" in the areas of chemistry, physics, medicine, literature, physiology, and peace. His inventions allowed Alfred Nobel to acquire a large fortune which he left to help fund this endeavor. In April 1897 the Nobel Foundation was formed to handle the finances of the prize and specific committees were set up to award each area of the Nobel prize.    

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