What do fossil records teach us about the history of life on earth?

From a study of the history of life on earth through fossil records, we learn that large-scale loss of species like the one we are currently witnessing have also happened earlier, even before humans appeared on the scene. During the long period (> 3 billion years) since the origin and diversification of life on earth there were five episodes of mass extinction of species. How is the ‘Sixth Extinction’ presently in progress different from the previous episodes? The difference is in the rates; the current species extinction rates are estimated to be 100 to 1,000 times faster than in the pre-human times and our activities are responsible for the faster rates