The Nobel Peace Prize (Swedish and Norwegian: Nobels fredspris) is the name of one of five Nobel Prizes bequeathed by the Swedish industrialist and inventor Alfred Nobel. According to Nobel's will, the Peace Prize should be awarded "to the person who shall have done the most or the best work for fraternity between the nations, for the abolition or reduction of standing armies and for the holding and promotion of peace congresses". The Nobel Peace Prize (Swedish and Norwegian: Nobels fredspris) is the name of one of five Nobel Prizes bequeathed by the Swedish industrialist and inventor Alfred Nobel. According to Nobel's will, the Peace Prize should be awarded "to the person who shall have done the most or the best work for fraternity between the nations, for the abolition or reduction of...more >> standing armies and for the holding and promotion of peace congresses".