Chapter 20 The Industrial Revolution and Its Impact on European Society The Industrial Revolution in Great Britain Origins agricultural revolution rapid population growth surplus labor ready supply of capital for investment in new industrial machines and factories ample supplies of important mineral resources abundant rivers Parliament provided stable government; protected private property colonies provided a market as well as raw materials Technological Changes and New Forms of Industrial Organization The Cotton Industry James Hargreaves? spinning jenny Richard Arkwright?s water frame spinning machine Edmund Cartwright?s power loom concentration of labor in factories new towns grew up around factories The Steam Engine