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Alfred Nobel, The Nobel Foundation

In the display case, you can see the Nobel Prize in Chemistry awarded to Professor Svante Arrhenius in 1902 for his electrolytic dissociation theory. Svante Arrhenius was the first Swedish Nobel laureate. The medal is engraved by Erik Lindberg.

In 1859 Alfred Nobel began working with nitroglycerine in his father's industry and in 1862 he succeeded in making nitroglycerine explode for the first time. Three years later, in 1865, he developed dynamite.

Several of Alfred Nobel's inventions were of great importance, and he became very wealthy. His brothers Robert and Ludvig also became successful businessmen, for example with their company Branobel, an oil company with operations in St Petersburg and oil fields in Baku.

A large part of Alfred Nobel's fortune, 31 million Swedish kronor, was bequeathed on his death to a foundation, the Nobel Foundation. Since 1901, the Foundation has awarded the Nobel Prizes in physics, chemistry, physiology or medicine, literature and a Peace Prize. The Peace Prize is awarded by the Norwegian Nobel Committee in Oslo. In 1968, the Riksbank Prize in Economic Sciences was added in honour of Alfred Nobel.

Image rights: Erik Johan Lindberg, Ekonomiska museet - Kungliga myntkabinettet/SHM (BUS)

Object number: 700056_KMK

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