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The mass extinction event at the end of the Cretaceous Period marks the beginning of the Cenozoic Era. There are multiple hypotheses as to what caused or contributed to this extinction; current thought is that the Chicxulub meteorite event, combined with the already occurring volcanic trap eruptions in present day India provided the one-two punch that lead to the extinction. Regardless, the iridium rich KT boundary at the end of the Cretaceous marks the end of the reign of the dinosaur and the emergence of a great diversity in other species.

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Q: What event marks the beginning of the current geologic era on Earth?
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