High Quality Content by WIKIPEDIA articles! The Nobel Peace Prize (Norwegian and Swedish: Nobels fredspris) is awarded annually by the Norwegian Nobel Committee "to the person who shall 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." It is one of the five Nobel Prizes established by the 1895 will of Alfred Nobel (who died in 1896), awarded for outstanding contributions in chemistry, physics, literature, peace, and physiology or medicine. As dictated by Nobel's will, the award is administered by the Norwegian Nobel Committee and awarded by a committee of five people elected by the Parliament of Norway. The first Nobel Peace Prize was awarded in 1901 to Frederic Passy and Henry Dunant. Each recipient receives a medal, a diploma, and a monetary award prize that has varied throughout the years. In 1901, Passy and Dunant shared a Prize of 150,782 Swedish kronor,...

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