Final answer:
Damage to the hippocampus results in anterograde amnesia, which prevents the transfer of information from short-term to long-term memory, impairing new explicit memory formation while implicit memory creation is typically unaffected.
Step-by-step explanation:
Damage to the hippocampus results in the inability to form new memories, as seen in H.M. or Clive Wearing. This condition, known as anterograde amnesia, prevents the transfer of information from short-term to long-term memory, hence the consolidation of memories is impaired. Although the hippocampus is crucial for the development of new explicit (episodic and semantic) memories, the cerebellum allows for the creation of implicit (procedural) memories, such as physical skills, unaffected by hippocampal damage.