We examine two nonselfadjoint operator algebras: the weighted shift algebra,
and the Volterra operator algebra. In both cases, the operator algebra is the
norm closure of the polynomials in the operator norm. In the case of the
weighted shift algebra, the existence of a gauge action allows us to apply
Fourier analysis to study the ideals of the algebra. In the case of the
Volterra operator algebra, there is no gauge action, and other methods are
needed to study the norm structure and the ideals