Complex sentence: Industrialization, however, dramatically increased European demand for raw materials, which became scarce, and the severe Long Depression of the 1870s provoked a scramble for new markets for European industrial products and financial services.
Split into simpler sentences: Industrialization, however, dramatically increased European demand for raw materials, which became scarce. The severe Long Depression of the 1870s provoked a scramble for new markets for European industrial products and financial services.