An interesting Fact for today
On this day in 1901, the first Nobel Prizes are awarded in Stockholm, Sweden, in the fields of physics, chemistry, medicine, literature, and peace. The ceremony came on the fifth anniversary of the death of Alfred Nobel, the Swedish inventor of dynamite and other high explosives. In his will, Nobel directed that the bulk of his vast fortune be placed in a fund in which the interest would be "annually distributed in the form of prizes to those who, during the preceding year, shall have conferred the greatest benefit on mankind." Although Nobel offered no public reason for his creation of the prizes, it is widely believed that he did so out of moral regret over the increasingly lethal uses of his inventions in war.
Alfred Bernhard Nobel was born in Stockholm in 1833, and four years later his family moved to Russia. His father ran a successful St. Petersburg factory that built explosive mines and other military equipment. In 1863, he invented a way to control the detonation of nitroglycerin, a highly volatile liquid that had been recently discovered but was previously regarded as too dangerous for use. In 1864 Nobel's nitroglycerin factory blew up, killing his younger brother and several other people.
Searching for a safer explosive, Nobel discovered in 1867 that the combination of nitroglycerin and a porous substance called kieselguhr produced a highly explosive mixture that was much safer to handle and use. Nobel christened his invention "dynamite," for the Greek word dynamis, meaning "power." Securing patents on dynamite, Nobel acquired a fortune as humanity put his invention to use in construction and warfare.
Alfred Nobel in fact had pacifist tendencies and in his later years apparently developed strong misgivings about the impact of his inventions on the world. After he died in San Remo, Italy, on December 10, 1896, the majority of his estate went toward the creation of prizes to be given annually in the fields of physics, chemistry, medicine, literature, and peace. The portion of his will establishing the Nobel Peace Prize read, "[one award shall be given] to the person who has done the most or best work for fraternity among nations, for the abolition or reduction of standing armies, and for the holding and promotion of peace congresses."