On April 12, 1888, A French newspaper erroneously reported Nobel's death. The article referred to him as someone who grew rich by finding better ways to people to kill each others and called him 'The Merchant of Death'. He was understandably upset by what his legacy would be. He set out to change his will to include $9 million trust that established the Nobel Foundation. This Foundation would award yearly Prizes in science and peace to recognize achievements in these fields.
The first Nobel Prizes were awarded in 1901 on the anniversary of his death. Find out what else occurred on this day in science history.
Follow About.com Chemistry on Facebook or Twitter.