Reaction mechanisms describe the step-by-step sequence of elementary reactions by which overall chemical changes occur. Understanding reaction mechanisms is crucial as they reveal how reactants convert into products, the intermediates formed during the process, and the transition states involved. This knowledge connects closely with activation energy, which is the energy required to initiate a reaction, and the Arrhenius equation, which relates this energy to the rate of reaction. Additionally, the rate-determining step within a mechanism determines the overall speed of the reaction.