The europeans began to colonize areas rich in resouces such as rubber and petroleum factories transformed such raw materials into finished goods, but they needed to sell these finised goods

The first blank will be Industrial Revolution Because as stated in the beginning the areas were colonized in areas with rich resources etc.

The second Blank will be new markets because they needed a new and strategic way  to sell their goods 

Next time please put answer options to help people help you get the correct answer.

Pilgrims is the answer