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A Short History On The Nobel Prize

Christopher C. Babcock, MD, is an oral and maxillofacial surgeon at Louisville Oral Surgery and Dental Implants, Louisville, Kentucky. With a BS in Biology, Dr. Chris Babcock, DMD., graduated from Indiana University, Bloomington. The university’s faculties have had nine Nobel Laureates.

Alfred Bernard Nobel, a Swedish chemist most famous for his invention of dynamite, created what is now known as the Nobel Prize in his will. Alfred Noble owned numerous patents at the prime of his lifetime. He also possessed holdings in his brothers’ successful companies, and these assets made him a very wealthy man, with a vast estate at the time of his death. He ordered the executors of his will to give it to “those who, during the preceding year, have conferred the greatest benefit to mankind.”

Nobel’s fund is given annually to those who had made the most exceptional discoveries in Physics, Chemistry, Physiology or Medicine, Literature, and Peace. The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, founded in 1968 by the Bank of Sweden, is now identified with the Nobel Prize and is presented alongside it. Winners of both awards can be called Nobel Laureates.