He was born in 1833 and he died in 1896 . A Chemist, an inventor and philanthropist born in Stockholm, Sweden. After receiving a formal education in St. Petersburg (Russia) and the United States, where he studied mechanical engineering, he returned to St. Petersburg to work with his father, producing mines, torpedoes and other explosives. In a family factory in Heleneborg (Sweden), aimed to develop a safe method of handling nitroglycerin after an explosion in 1864 killed his younger brother, and four other people. In 1867 Nobel achieved his goal: to reduce the volatility of nitroglycerine and mixed it with an absorbent and porous material produced what he called dynamite. He established the ballistite, an early smokeless powders. When he died, ran factories for the manufacture of explosives in various parts of the world. In his will he bequeathed the bulk of his fortune (estimated at about $ 9 million) to create a foundation to establish annual prizes for the merits achieved in physics, chemistry, medicine and physiology, literature and world peace. The economics prize was awarded from 1969
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