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~2 billion years ago, the evolution of oxygenic photosynthesis changed the redox balance of the ocean and precipitated out large quantities of iron. This process eliminated anaerobic organisms from most marine habitats. But it also gave us the stratospheric ozone layer that protected the Earth's surface from the most dangerous wavebands of UV radiation.
~600 million years ago, the reduction in atmospheric CO2 from marine photosynthesis precipitated the Proterozoic glaciations, aka "Snowball Earth". Sea ice coverage extended to the Equator and shut down most marine photosynthesis. Volcanic activity over several million years released enough CO2 back into the atmosphere to warm the planet and end this period. This was also the period where metazoan organisms arose and diversified.
The worst catastrophe was the Permo-Triassic extinctions (~245 million years ago). The ocean went anaerobic and acidic and most of the Earth's biota was eliminated. The exact cause is poorly understood, but it may have been from a bolide impact followed by massive volcanic activity.
~65 million years ago, a bolide impact killed the dinosaurs and rendered the deep ocean anaerobic.
~55 million years ago, a massive efflux of methane from the ocean caused a rapid and catastrophic warming of Earth's climate.
~5 million years ago to present the rapid evolution of hominids produced a bipedal organism that wreaked havoc on the rest of the Earth....
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