Algebra is traced back to Ancient Greece. In 3rd century AD Diophantus, also called the "father of algebra" wrote books about numbers that now had letters assigned to them.

There is not just one person who founded algebra. There have been many algebraic equations founded through out the years. The history of algebra dates as far back as the Egyptians. You can find more information here: http://www.algebra.com/algebra/about/his...