Chargaff's Rules refer to the observation made by biochemist Erwin Chargaff that in DNA, the amount of adenine (A) is equal to the amount of thymine (T), and the amount of guanine (G) is equal to the amount of cytosine (C). This crucial finding laid the groundwork for understanding the base pairing mechanism in DNA and was fundamental in the discovery of the double helix structure of DNA.