There were several events in the Late Cretaceous that may have contributed to the K-T mass extinction. The Chicxulub meteorite was unquestionably a significant factor, and probably “the last straw” in terms of being the proximate cause. However, two or three other events, depending on how closely you see them associated, were involved.
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The Laramide Revolution had been going on. The fertile low plains of Colorado, Wyoming, Utah, Montana, and Alberta, with intermittently an inland seaway, were colliding with what had been offshore island terranes on another plate, and being replaced by the Western Cordillera – the Rocky Mountains and all the related ranges that extend west through the Basin and Ridge geomorphic Province. Dinosaurs were able to adapt to this, but with some significant shifts in populations. Outside Mongolia, there were only 13 families of dinosaur worldwide in the last stage of the Cretaceous. (Relate this to present megafauna – rhinos and elephants continue to thrive, but as only a few species compared to a diverse population before and during most of the Ice Age.)
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India, still an island continent, was passing over the Seychelles hot spot, one of the areas where magma is being upthrust. The result was the Deccan Traps, something people outside the interior Northwest will not be familiar with, but the simplest description would be non-mountainous vulcanism – massive amounts of lava flooding out of vents to cover large areas of land – with consequent releases of noxious gas and particulates. Anyone familiar with the effects of the Tambura eruption (“the year without a summer”), and the lesser but real effects of Krakatoa and Mount Saint Helens, will be aware of the potential for significant large-scale climate change from such events. Now imagine a non-point source producing at about the quantity of 100 Tamburas over years or centuries.
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There appears to have been a sharp change in global climate toward the latest Cretaceous – a global cooling. To what extent this is related to #1 and #2 and to what extent an independent development is grist for some serious argument.
The K-T extinction, though, was not confined to the dinosaurs. Numerous families of plankton were driven extinct by whatever cause(s) the K-T event is attributed to. And the impact of this spread across the entire metazoan (multi-celled animal) subkingdom.
The ammonites (equivalent to the chambered nautilus), a major element in the Cretaceous oceanic fauna, went extinct. The belemnites, effectively squids with shells or tests, likewise. The brachiopods, until then the dominant bivalve shellfish, survived but lost their dominance to the pelecypods (clams, oysters, mussels, and their kin), becoming a relatively minor constituent of the ocean-floor fauna. Crinoids became significantly rarer. The same story could be told for most of the invertebrate phyla that left enough fossils to make the determination. The coelacanths, common in the Cretaceous, became so rare that they were thought extinct until the chance discovery of Latimeria in 1938.
Among the vertebrates, the pattern is checkered, and appears to have selected against high-metabolism large animals without “pelt” (fur, feathers, whatever besides fatty tissue and thick skin keeps one warm). If you were high-metabolism but with insulating cover (birds, mammals) or low-metabolism and small, you had good odds to survive. Michael J. Benton’s The Fossil Record 2 gives the following statistics for vertebrate extinctions (format is number of families extinct after the K-T event out of number of families in the Maastrichtian, the last stage of the Cretaceous, and percentage extinct):
Sharks, rays, and chimeras: 8 of 44, 18%
Bony fish: 6 of 50, 12%
Amphibians: 0 of 11, unscathed
Turtles: 4 of 15, 27%
Lizards and snakes: 1 of 16, 6%
Crocodilians: 5 of 14, 36%
Pterosaurs: 2 of 2, 100%
Dinosaurs: 21 of 21, 100% (8 of these families are known only from Mongolian deposits that are not certainly Maastrichtian, so the more accurate figure may be 13 of 13)
Plesiosaurs: 3 of 3, 100%
Birds: 9 of 12, 75% (This figure may not be accurate, as there are Cretaceous fossils debatably assignable to surviving groups not taken into account here.)
Non-therian basal mammals: 1 of 11, 9%
Marsupials: 3 of 4, 75% (the surviving family is Didelphidae, the American opossums)
Placental mammals: 1 of 7, 14%