Algodon is simply the Spanish word for cotton. It is used for both the plant and the fabric made from it, similar to the English word cotton.
Cotton has been used by humans to produce textiles since antiquity. Bits of cotton cloth have been found by scientists in caves in Mexico that date back 7,000 years. The plants used resemble the cotton that is grown in the United States today. Three thousand years ago, cotton was grown and spun into cloth in the Indus Valley in Pakistan as well as in the Nile River basin in Egypt, and when Columbus came to the Americas in 1492, he found cotton growing in the Bahamas.