Paleocene followed by Eocene
The Paleocene, (IPA:  PAL-ee-ə-seen, -⁠ee-oh-, PAY-lee-) or Palaeocene, is a geological epoch that lasted from about 66 to 56 million years ago (mya). It is the first epoch of the Paleogene Period in the modern Cenozoic Era. The name is a combination of the Ancient Greek παλαιός palaiós meaning "old" and the Eocene Epoch (which succeeds the Paleocene), translating to "the old part of the Eocene".
The epoch is bracketed by two major events in Earth's history. The K–Pg extinction event, brought on by an asteroid impact (Chicxulub impact) and possibly volcanism (Deccan Traps), marked the beginning of the Paleocene and killed off 75% of species, most famously the non-avian dinosaurs. The end of the epoch was marked by the Paleocene–Eocene Thermal Maximum (PETM), which was a major climatic event wherein about 2,500–4,500 gigatons of carbon were released into the atmosphere and ocean systems, causing a spike in global temperatures and ocean acidification.
In the Paleocene, the continents of the Northern Hemisphere were still connected via some land bridges; and South America, Antarctica, and Australia had not completely separated yet. The Rocky Mountains were being uplifted, the Americas had not yet joined, the Indian Plate had begun its collision with Asia, and the North Atlantic Igneous Province was forming in the third-largest magmatic event of the last 150 million years. In the oceans, the thermohaline circulation probably was much different from what it is today, with downwellings occurring in the North Pacific rather than the North Atlantic, and water density mainly being controlled by salinity rather than temperature.
The K–Pg extinction event caused a floral and faunal turnover of species, with previously abundant species being replaced by previously uncommon ones. In the Paleocene, with a global average temperature of about 24–25 °C (75–77 °F), compared to 14 °C (57 °F) in more recent times, the Earth had a greenhouse climate without permanent ice sheets at the poles, like the preceding Mesozoic. As such, there were forests worldwide—including at the poles—but they had low species richness in regards to plant life, and were populated by mainly small creatures that were rapidly evolving to take advantage of the recently emptied Earth. Though some animals attained great size, most remained rather small. The forests grew quite dense in the general absence of large herbivores. Mammals proliferated in the Paleocene, and the earliest placental and marsupial mammals are recorded from this time, but most Paleocene taxa have ambiguous affinities. In the seas, ray-finned fish rose to dominate open ocean and recovering reef ecosystems.Geology
Boundaries
The Paleocene Epoch is the 10 million year time interval directly after the K–Pg extinction event, which ended the Cretaceous Period and the Mesozoic Era, and initiated the Cenozoic Era and the Paleogene Period. It is divided into three ages: the Danian spanning 66 to 61.6 million years ago (mya), the Selandian spanning 61.6 to 59.2 mya, and the Thanetian spanning 59.2 to 56 mya. It is succeeded by the Eocene.The K–Pg boundary is clearly defined in the fossil record in numerous places around the world by a high-iridium band, as well as discontinuities with fossil flora and fauna. It is generally thought that a 10 to 15 km (6 to 9 mi) wide asteroid impact, forming the Chicxulub Crater in the Yucatán Peninsula in the Gulf of Mexico, and Deccan Trap volcanism caused a cataclysmic event at the boundary resulting in the extinction of 75% of all species.The Paleocene ended with the Paleocene–Eocene thermal maximum, a short period of intense warming and ocean acidification brought about by the release of carbon en masse into the atmosphere and ocean systems, which led to a mass extinction of 30–50% of benthic foraminifera–planktonic species which are used as bioindicators of the health of a marine ecosystem—one of the largest in the Cenozoic. This event happened around 55.8 mya, and was one of the most significant periods of global change during the Cenozoic.