Step 1: Frame the question.
We need the historical order in which the key facts about photosynthesis were discovered.
Step 2: First milestone.
Early workers like Priestley and Ingenhousz studied the role of air, showing plants purify the air. So the story begins with role of air.
Step 3: Second milestone.
Next it was shown that green plants release oxygen during photosynthesis. So release of oxygen comes second.
Step 4: Third milestone.
Later it was found that photosynthesis produces glucose as stored food. So production of glucose comes third.
Step 5: Fourth milestone.
Finally the absorption spectra of chlorophyll a and b were worked out. So this comes last.
Step 6: Match and conclude.
The chain role of air to release of oxygen to production of glucose to absorption spectra matches option 3.
\[ \boxed{\text{Role of air} \rightarrow \text{Oxygen} \rightarrow \text{Glucose} \rightarrow \text{Absorption spectra}} \]