The mass inflow and outflow rates of the Milky Way
(PHYSorg.com Space & Earth)

According to the most widely accepted cosmological models, the first galaxies began to form between 13 and 14 billion years ago. Over the course of the next billion years, the cosmic structures now observed first emerged. These include things like galaxy clusters, superclusters and filaments, but also galactic features like globular clusters, galactic bulges, and supermassive black holes (SMBHs).