The document discusses background extinction and mass extinction in biology. It defines background extinction as the normal rate of species loss, around 1 extinction per million species per year. Mass extinction refers to periods when the extinction rate is much higher, around 40-50% of species dying off over a short period. There have been five major mass extinctions in Earth's history. The most well-known one occurred 65 million years ago at the boundary of the Cretaceous and Tertiary periods, wiping out the dinosaurs. This mass extinction is thought to have been caused by an asteroid impact, based on evidence of anomalously high iridium levels and shocked quartz found in the boundary layer.