The method was developed in the late 1940s by Willard Libby, who received the Nobel Prize in Chemistry for his work in 1960. It is based on the fact that radiocarbon (14 C) is constantly being created in the atmosphere by the interaction of cosmic rays with atmospheric nitrogen. The resulting 14 C combines with atmospheric oxygen to form radioactive carbon dioxide, which is incorporated into plants by photosynthesis; animals then acquire 14 C by eating the plants. When the animal or plant dies, it stops exchanging carbon with its environment, and from that point onwards the amount of 14 C it contains begins to decrease as the 14 C undergoes radioactive decay. Measuring the amount of 14 C in a sample from a dead plant or animal such as a piece of wood or a fragment of bone provides information that can be used to calculate when the animal or plant died. The older a sample is, the less 14 C there is to be detected, and because the half-life of 14 C (the period of time after which half of a given sample will have decayed) is about 5,730 years, the oldest dates that can be reliably measured by this process date to around 50,000 years ago, although special preparation methods occasionally permit accurate analysis of older samples.