The way that the events in chronological order are supposed to go is in this way.
1.) Europe embarks on an age of exploration.
2.) Britain and Spain establish colonies in North and South America.
3.) European nations begin establishing colonies in Africa.
4.) The Industrial Revolution leads to the rapid increase of industries in Europe.
I have a picture that proves my answer, in it two parts of it, were wrong but in this answer is entirely different.
I hope this helps because I thought the answer I got in the picture was right, and that's how I got the real answer is in my response.