Hilbert space
The algebra of observables in quantum mechanics is naturally an algebra of operators defined on a Hilbert space, according to Werner Heisenberg's matrix mechanics formulation of quantum theory. Von Neumann began investigating operator algebras in the 1930s, as rings of operators on a Hilbert space. The kind of algebras studied by von Neumann and his contemporaries are now known as von Neumann algebras. In the 1940s, Israel Gelfand, Mark Naimark and Irving Segal gave a definition of a kind of operator algebras called C*-algebras that on the one hand made no reference to an underlying Hilbert space, and on the other extrapolated many of the useful features of the operator algebras that had previously been studied. The spectral theorem for self-adjoint operators in particular that underlies much of the existing Hilbert space theory was generalized to C*-algebras. These techniques are now basic in abstract harmonic analysis and representation theory.
Space (mathematics)
The most detailed information was carried by a class of spaces called Banach algebras. These are Banach spaces together with a continuous multiplication operation. An important early example was the Banach algebra of essentially bounded measurable functions on a measure space "X". This set of functions is a Banach space under pointwise addition and scalar multiplication. With the operation of pointwise multiplication, it becomes a special type of Banach space, one now called a commutative von Neumann algebra. Pointwise multiplication determines a representation of this algebra on the Hilbert space of square integrable functions on "X". An early observation of John von Neumann was that this correspondence also worked in reverse: Given some mild technical hypotheses, a commutative von Neumann algebra together with a representation on a Hilbert space determines a measure space, and these two constructions (of a von Neumann algebra plus a representation and of a measure space) are mutually inverse.