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Usually, they represent periods between extinction events, where a particular type of lifeform was dominant.
http://wiki.answers.com/Q/What_do_periods_on_the_g...
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Mass Extinitions
http://wiki.answers.com/Q/What_do_the_boundary_lin...
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From most recent to oldest they are generally considered to be the following (except in Europe where the Mississippian and Pennsylvanian is combined into one period called Carboniferous
http://answers.yahoo.com/question/index?qid=200803...
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An era, in geologic terms, is a geological time period encompassing two or more geologic periods.
http://wiki.answers.com/Q/What+marks+separation+be...
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