The Nobel Peace Prize was established in 1895, and is one of five “Nobel Prizes” established by the will of Alfred Nobel, a Swedish industrialist, inventor and armaments manufacturer. In addition to the Peace Prize, there are Nobel Prizes for Chemistry, Physics, Physiology or Medicine, and Literature.
Every year, the Norwegian Nobel Committee awards the Nobel Peace Prize “to the person who shall have done the most or the best work for fraternity between nations, for the abolition or reduction of standing armies and for the holding and promotion of peace congresses.” The Peace prize is presented on December 10, and is the only prize that is sometimes awarded to an organization instead of an individual.
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