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Why was Charles Albert Gobat awarded Noble Prize Peace in 1902?

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Why was Charles Albert Gobat awarded Noble Prize Peace in1902?Name: Charles Albert Gobat.
Country: Switzerland.
Date of Birth: 21 May 1843.
Died: 16 March 1914.
Profession: Swiss politician, Administrator, Philanthropist, and Author.
Known as: Swiss lawyer.
Noble Prize Year: Nobel Prize for Peace in 1902, to operate the Inter-Parliamentary Union in an incredibly practical way.

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