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Alfred Nobel Physics Chemistry Physiology Medicine Literature Paris Swedish Kronor US Storting Ragnar Sohlman

Alfred Nobel's last will and testament established the Nobel Prizes, leaving over 31 million Swedish kronor to create prizes in physics, chemistry, peace, physiology or medicine, and literature. His will was signed in 1895 and approved in 1897, establishing the Nobel Foundation to administer the prizes. The various prize-awarding organizations were then established, including the Norwegian Nobel Committee for the Peace Prize and the Royal Swedish Academy of Sciences for the Physics Prize.

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23 views1 page

Alfred Nobel Physics Chemistry Physiology Medicine Literature Paris Swedish Kronor US Storting Ragnar Sohlman

Alfred Nobel's last will and testament established the Nobel Prizes, leaving over 31 million Swedish kronor to create prizes in physics, chemistry, peace, physiology or medicine, and literature. His will was signed in 1895 and approved in 1897, establishing the Nobel Foundation to administer the prizes. The various prize-awarding organizations were then established, including the Norwegian Nobel Committee for the Peace Prize and the Royal Swedish Academy of Sciences for the Physics Prize.

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Alfred Nobel, in his last will and testament, stated that his wealth be used to create a series of

prizes for those who confer the "greatest benefit on mankind" in the fields of physics, chemistry,
peace, physiology or medicine, and literature.[1] Though Nobel wrote several wills during his
lifetime, the last one was written a year before he died was and signed at the Swedish-Norwegian
Club in Paris on 27 November 1895.[2][3] Nobel bequeathed 94% of his total assets, 31 million
Swedish kronor (US$186 million in 2008), to establish and endow the five Nobel Prizes.[4] Due
to the level of skepticism surrounding the will it was not until April 26, 1897 that it was
approved by the Storting (Norwegian Parliament).[5][6] The executors of his will were Ragnar
Sohlman and Rudolf Lilljequist, who formed the Nobel Foundation to take care of Nobel's
fortune and organise the prizes.
The members of the Norwegian Nobel Committee who were to award the Peace Prize were
appointed shortly after the will was approved. The prize-awarding organisations followed: the
Karolinska Institutet on June 7, the Swedish Academy on June 9, and the Royal Swedish
Academy of Sciences on June 11.[7][8] The Nobel Foundation then reached an agreement on
guidelines for how the Nobel Prize should be awarded. In 1900, the Nobel Foundation's newly
created statutes were promulgated by King Oscar II.[6][9] According to Nobel's will, The Royal
Swedish Academy of sciences were to award the Prize in Physics.[9]

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