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The Historical Importance of The Nobel Prize

A Swedish inventor by the name of Alfred Bernard Nobel, left a large amount of money to be awarded to people with singular talent in various fields.

A Swedish inventor by the name of Alfred Bernard Nobel, left a large amount of money to be awarded to people with singular talent  in various fields. The Award is known as the Nobel Prize. He was born in Sweden in 1833 and is best remembered for his invention of dynamite.

Young Nobel was sent to study in the United States and later returned to Russia to work in his father’s factory where weapons and farm tools were manufactured. While experimenting with the powerful explosive, nitroglycerin, he caused an explosion that destroyed the plant and killed his younger brother, Emil. Nobel then tried to find a mixture that was less dangerous. In 1866, he made his first dynamite which was much less dangerous but almost as powerful. He continued his experiments with explosives and was given a total of 129 patents.

Nobel died in 1896, and most of his fortune was used to establish the fund from which the Nobel Prizes are awarded. His will provided that prizes were to be awarded to those who had rendered the greatest service to humanity in medicine, psysiology, physics, chemistry, literature and peace. The value of the prize depends on how much money the trust fund has earned. In l962, a prize was worth about $50,000. It is not necessary that each prize be awarded each year, but each must be awarded at least once every five years. The prizewinners are chosen by different groups of experts in several fields.

Among noted persons to receive Nobel prizes are: Rudyard Kipling, the first English language writer to win the prize in literature; Theodore Roosevelt, the first American to win the peace prize; and Sinclair Lewis, the first American to win the prize in literature. Since that time, many famous Americans who have made outstanding contributions to science, literature, or peace have received awards.

There were many unknown writers and scientists who were awarded the Nobel Prize for their accomplishments. The award is open to everybody, known and unknown. Winning the Nobel Prize
helps popularize the person who wins the award, and serves to open an even broader avenue for working harder in any particular field in which the person excels. It serves as an incentive for those engaged in research and the money awarded helps catapult them to fame.

There are many scientists and writers that were practically unknown prior to winning the award. It is, therefore, considered to be a stepping stone for those in various fields to come out in the limelight of popularity and perhaps double their efforts toward further accomplishments.

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