Mother Teresa In 1979, Teresa received the Nobel Peace Prize "for work undertaken in the struggle to overcome poverty and distress, which also constitutes a threat to peace". She refused the conventional ceremonial banquet for laureates, asking that its $192,000 cost be given to the poor in India and saying that earthly rewards were important only if they helped her to help the world's needy. When Teresa received the prize she was asked, "What can we do to promote world peace?" She answered, "Go home and love your family." Building on this theme in her Nobel lecture, she said: "Around the world,
Nobel Prize did not award any prizes. In 1944, the Nobel Foundation, together with the three members in exile, made sure that nominations were submitted for the Peace Prize and that the prize could be awarded once again. In 1968, Sveriges Riksbank (Sweden's central bank) celebrated its 300th anniversary by donating a large sum of money to the Nobel Foundation to be used to set up a prize in honor of Nobel. The following year, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded for the first time. The Royal Swedish Academy of Sciences became responsible for