"On November 25, 1867, Swedish chemist Alfred Nobel patents dynamite. From the article:
"Alfred Nobel
An Invention And A Legacy
Alfred left Russia at the age of 18. After spending a year in Paris studying chemistry, he moved to the United States. After five years, he returned to Russia and began working in his father's factory making military equipment for the Crimean War. In 1859, at the war's end, the company went bankrupt. The family moved back to Sweden, and Alfred soon began experimenting with explosives. In 1864, when Alfred was 29, a huge explosion in the family's Swedish factory killed five people, including Alfred's younger brother Emil. Dramatically affected by the event, Nobel set out to develop a safer explosive. In 1867, he patented a mixture of nitroglycerin and an absorbent substance, producing what he named "Dynamite."
In 1888, Alfred's brother Ludvig died while in France. A French newspaper erroneously published Alfred's obituary instead of Ludvig's, and condemned Alfred for his invention of dynamite. Provoked by the event and disappointed with how he felt he might be remembered, Nobel set aside a bulk of his estate to establish the Nobel Prizes to honor men and women for outstanding achievements in physics, chemistry, medicine and literature, and for working toward peace. Sweden’s central bank, Sveriges Riksbank, established the Nobel Prize in Economics in 1968 in honor of Alfred Nobel.
He died of a stroke on December 10, 1896, in San Remo, Italy. After taxes and bequests to individuals, Nobel left 31,225,000 Swedish kronor (equivalent to 250 million U.S. dollars in 2008) to fund the Nobel Prizes."
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