1.Last Will and Testament: In his last will and testament, Nobel stipulated that his fortune be used to create a series of prizes to honor outstanding achievements in specific fields. Nobel Prizes were conceived as a way for his wealth to contribute positively to society and recognize the contributions of individuals who made significant advancements.
2.Recognition for Accomplishments: Nobel specified that Nobel Prizes should be awarded to individuals who confer "the greatest benefit on mankind" in their respective fields. The prizes were designed to provide recognition and financial reward to those who had made extraordinary contributions to fields such as Physics, Chemistry, Physiology or Medicine, Literature, and Peace.
3.Perpetuation of Legacy: By attaching his name to the Nobel Prizes, Alfred Nobel ensured that his impact on society would extend far beyond his own lifetime. The prizes serve as a testament to his commitment to scientific progress, literary achievement, and the promotion of peace, allowing his legacy to continue to inspire generations.
4.Inspiration and Motivation: The establishment of the Nobel Prizes not only recognizes the achievements of extraordinary individuals but also aims to inspire others to strive for excellence and make meaningful contributions to society. By recognizing exceptional accomplishments, Nobel Prizes hope to encourage future generations to pursue knowledge and make positive changes in their respective fields.
5.Promoting Human Progress: Alfred Nobel envisioned the Nobel Prizes as a way to promote human progress and the advancement of society. By incentivizing cutting-edge research, breakthrough discoveries, and meaningful contributions to literature and peace, the Nobel Prizes aim to push the boundaries of human understanding and promote the betterment of the world.