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  The Nobel Peace Prize is one of the five Nobel Prizes created by the Swedish industrialist, inventor, and armaments manufacturer Alfred Nobel. Since 1901, it has been awarded annually (with some exceptions) to those who have "done the most or the best work for fraternity between nations, for the abolition or reduction of standing armies and for the holding and promotion of peace congresses."
Per Alfred Nobel's will, the recipient is selected by the Norwegian Nobel Committee, a 5-member committee appointed by the Parliament of Norway. Since 1990, the prize is awarded on December 10 in Oslo City Hall each year.


     Nobel died in 1896 and he did not leave an explanation for choosing peace as a prize category. As he was a trained chemical engineer, the categories for chemistry and physics were obvious choices. The reasoning behind the peace prize is less clear. According to the Norwegian Nobel Committee, his friendship with Bertha von Suttner, a peace activist and later recipient of the prize, profoundly influenced his decision to include peace as a category.