Flowering plants (Angiosperm or Magnoliophyta) are most land plants today. Together with the gymnosperms they make up the seed plants. They are different from the gymnosperms because angiosperms have flowers, and have enclosed ovules. Gymnosperms have naked seeds on cones or open structures.

Typical adaptations 

Angiosperms have a number of derived characters, which evolved as they split off from the gymnosperms.
 Flowers
Flowers, the reproductive organs of flowering plants, are the most remarkable feature distinguishing them from other seed plants. Flowers, with their colour and their nectar, act to attract pollinators, which are mostly insects and birds. Whereas gymnosperms are almost entirely wind-pollinated, early flowers were probably all insect-pollinated. Some present-day flowering plants are wind-pollinated, but that is a secondary feature.p182
 Fruits
The fertilized angiosperm ovule develops into a seed, and the ovary develops into the fruit. The fruit is often a way to use animals to spread the seeds far and wide. The fruit is made out of the carpel and some tissue round it. The carpel hold inside itself the ovules.
 Endosperm
In general, endosperms form after fertilization and before the first division of the zygote. Endosperm is a highly nutritive tissue that can provide food for the developing embryo, the cotyledons, and sometimes the seedling when it first appears.
 Sexual parts
Specialised sexual parts have led to co-evolution in fertilization and seed dispersal. The stamens, and the male and female gametophytes, have been adapted in many ways to suit particular pollinators. The smaller pollen grain shortens the time between pollination and fertilization, which can be up to a year in gymnosperms. The small female gametophyte also allows rapid seed production, which led to annual herbaceous life-cycles.

Adaptations in these novelties allowed angiosperms to invade many habitats. They now dominate everywhere except the boreal forest or taiga, which is still composed almost entirely of gymnosperms.

Phylogeny 
A whole genome duplication (doubling) at 160 million years ago (mya) may have started the ancestral line that led to all modern flowering plants. That event was studied by sequencing the genome of an ancient flowering plant, Amborella trichopoda. Amborella, found on the Pacific island of New Caledonia, belongs to a sister group of the other flowering plants. Studies suggest that it has features that may have been characteristic of the earliest flowering plants. 

The earliest known fossil confidently identified as an angiosperm, Archaefructus liaoningensis, is dated to about 125 mya in the Lower Cretaceous. Pollen probably of angiosperm origin takes the fossil record back to about 130 mya.  

The phylogeny of Angiosperms is as follows: 
 Angiosperms (flowering plants)
 Amborella: one species only, from New Guinea.
 Nymphaeales: 80 species, mainly water lilies.
 Austrobaileyales: 100 species of woody plants from round the world .
 Magnoliids: about 9000 species, with  trimerous (3-part) flowers, pollen with one pore, and usually branching-veined leaves.
 Monocots about 7000 species, with  trimerous flowers, a single cotyledon, pollen with one pore, and usually parallel-veined leaves—for example grasses, orchids, and palms.
 Ceratophyllum, about 6 species of aquatic plants, familiar as aquarium plants;
 Eudicots, about 175,000 species, 4- or 5-merous flowers, pollen with three pores, and usually branching-veined leaves—for example sunflowers, petunia, buttercup, apples, and oaks.

The territory is pretty much covered by three groups: the Magnoliids, the Monocots and the Eudicots. The Eudicots outnumber all other groups put together.

Related pages 
Flower
Life timeline

References