The Nobel Prize Posted By : Gianni Truvianni

Once again the time of year is upon us when a committee of people decides whom will be awarded the Nobel prize in the five different categories which are literature, chemistry, medicine, physics and peace. These awards as most of us know are given out in Scandinavia as it was their where a man whose name was Alfred Bernhard Nobel (1833-96) made a fortune from his inventions which included dynamite (1867), gelignite (1876), and ballistite (1889), this being the precursor of cordite gunpowder. Of coarse the family business did not limit itself to expanding through the manufacturing of explosives as their Baku oilfields also contributed. It was through accumulated wealth from all these activities that Alfred Nobel become affluent enough to leave behind a large enough sum of money from which interest alone are capable of covering a cash reward which is constantly being increased to go along with the Nobel Prize.

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