The novel prize is the worlds most prestigious and important prize.It has been given since 1901.The prize is given to persons with outstanding contributions to physics, chemistry,literature,medicine,peace,and economics.Economics was added to the list in 1969 for the first time.The novel prize was instuted by a manwho was the inventor of dynamite.This scientist was alfred bernard nobel.He was born in stockholm,sweden on octobor 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,novel 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 talent.
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