How do you access the European impact on the rest of the world in the early modern period 1500-1750

You can proceed from one of those four perspectives: political, economic, cultural, or social. To have a focus, do not try to cover all of those four perspectives. It cannot be done in a short paper. Take a position on whether the European impact was more positive or more negative and defend your position. If you want to argue that it was more positive, you have to try to convince those who would argue that it was more negative. Therefore, it is not enough to keep describing the positive impact because those who disagree with you can easily keep describing the negative impact. The same logic applies if you want to argue that the European impact was more negative than positive.

Only use your text book as your source :Wsys of the World 5th edition by Strayerand Nelson

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