The Nobel Peace Prize is awarded each year on this day. Every year since 1901 the Nobel Prize has been awarded for various achievements in physics, chemistry, physiology or medicine, literature and for peace. The Nobel Prize is an international award administered by the Nobel Foundation in Stockholm, Sweden. In 1968, Sveriges Riksbank established The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, founder of the Nobel Prize. Each prize consists of a medal, personal diploma, and a cash award. Atlanta Georgia is the city that has the most Nobel Peace Prize winners; Dr. Martin Luther King Jr and President Jimmy Carter.