In fact,
production rates have steadily declined from a maximally productive period between 3 and 6 billion years after the Big Bang, when
galaxies formed about 10 times as many stars (going
by the total mass of the stars created) each year than today.
We propose that the cycle may be caused
by modulation of cosmic ray (CR) flux
by the Solar system vertical oscillation (64 My period) in the
galaxy, the galactic north - south anisotropy of CR
production in the galactic halo / wind / termination shock (due to the galactic motion toward the Virgo cluster), and the shielding
by galactic magnetic fields.