Most of the remains seen at the site today constitute the second palace built following the disaster which also coincided with a Golden Age of Minoan society or the New Palace era 1700 b.c., when the people were rich through trade, and artistic endeavor was at its peak.
A second palace was built on the site after the disaster, and some of it still remains today.
After the disaster, the people underwent two thousands years of neverending poverty and misery.