The Nobel Prize is the world’s most prestigious and important prize. It has been given since

19&1. The prize is given to persons with outstanding contributions to physics, chemistry, literature, medicine, peace and economies Economics was added to the list in 1969 for the first time. The Nobel Prize was instituted by a man who was the inventor of dynamite. This scientist was Alfred Bernard Nobel. He was born in Stockholm, Sweden on October 21., 1833 and died in 1896. Though he was a citizen of Sweden, he was educated in Russia He earned a huge sum of money by selling dynamite. At the time of his death in 1896. Nobel left behind a huge amount of money. He also left a will indicating that the interest on this money should be given as prizes to persons for their outstanding contributions to physics, chemistry, medicine. Literature and peace This prize was named as Nobel Prize. The first Nobel Prize was given to Roentgen on 10th December. 1901 for inventing X-ray.