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Does geomagnetic reversals represent a source of information on the rate of sea-floor spreading?

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Does geomagnetic reversals represent a source of information on the rate of sea-floor spreading?

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As mid ocean ridges create new seafloor over extended periods of time, the magnetic poles of the Earth reverse back and forth. The rocks on either side of a mid ocean ridge show the opposite magnetisms and appear striped. From knowing the approximate ages of these magnetic reversals, one can estimate the approximate age of each stripe.

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