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The Nobel Prizes is the world's most prestigious and important prize. It had been given since 1901. This prize is given to person with outstanding contributions to physics, chemistry, literature, medicine, peace and economics. Economics was added to the list in 1969 for the first time. The Nobel Prize was instituted by a man who was the inventor of dynamite. This scientist was Alfred Bernard Nobel. He was born in Stockholm, Sweden on October 21. 1833 and he died in 1896. Though he was a citizen of Sweden, he was educated in Russia.