First Nobel Peace Prize

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10 December 1901

The prestigious Nobel Prizes are awarded for the first time. Alfred Nobel, the Swedish inventor of dynamite, left part of his fortune to fund annual prizes for the most important discoveries, as well as one for an outstanding contribution to peace.

In 2012, the European Union received the Nobel Peace Prize for 60 years of work advancing peace in Europe. The EU decided to dedicate the Nobel Peace Prize money to children who are denied the chance of growing up in peace and to donate double the Nobel award (EUR 930 000), by giving EUR 2 million.