The end of the Cretaceous/start of the Paleocene is marked by a major, and extensively studied, extinction event. It is marked over much of the Earth by a discontinuity with high Iridium levels, and an abrupt change in flora and fauna. There is some evidence that a substantial, but very short lived, climatic change may have occurred in the very early decades of the Paleocene. Majority opinion is that the changes are related to the impact of a large extraterrestrial object in the vicinity of Yucatan. The end of the Paleocene is marked by the emergence of modern orders of mammals.
The Paleocene is usually broken into Lower and Upper subdivisions. The Faunal stages from youngest to oldest are:
During the Paleocene, the continents continued to drift toward their present positions. The mid continent sea receded from North America. Climates remained warm.
On land, plants became quite modern. Paleocene and later plant fossils generally are attributed to modern genera or to closely related taxa. Marine faunas also came to resemble modern faunas with only the marine mammals and the Charcharinid sharks missing. The major area of fast faunal evolution was among the land mammals which -- largely freed from reptile competition for niches -- exploded in size and diversity during the Paleocene.
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