" The Nobel Prize:
Alfred Nobel was born in 1833 in Stockholm, Sweden. His family was descended from Olof Rudbeck, the best-known technical genius of Sweden's 17th century era as a great power in northern Europe. Nobel invented dynamite in 1866 and later built up companies and laboratories in more than 20 countries all over the world. On November 27, 1895, Nobel signed his last will providing for the establishment of the Nobel Prize. He died of cerebral haemorrhage in his home in San Remo, Italy on December 10, 1896.
The Nobel Prize is the first international award given yearly since 1901 for achievements in physics, chemistry, physiology or medicine, literature and peace. In 1968, the Sveriges Riksbank (Bank of Sweden) instituted the Prize in Economic Sciences in memory of Alfred Nobel, founder of the Nobel Prize. Each prize consists of a medal, personal diploma, and prize amount."