The document summarizes the development and anatomy of the human placenta. It begins by defining the placenta and outlining its objectives. It then describes the development of the placenta from the chorion and decidua, the structures of the mature placenta including the chorionic plate, basal plate, intervillous space and villi, and the maternal and fetal circulations that occur through it. Finally, it discusses placental aging and the degenerative changes that occur over the course of a pregnancy.