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The Hellenistic period was characterized by a new wave of Greek colonization (as distinguished from that occurring in the 8thâ6th centuries BC) which established Greek cities and kingdoms in Asia and Africa.
Hellenistic Period (336-146 BC) - period between the conquest of the Persian Empire by Alexander the Great and the establishment of Roman supremacy, in which Greek culture and learning were pre-eminent in the Mediterranean and Asia Minor.n the period from 500-336 BC Greece was divided into small city states, each of which consisted of a city and its surrounding countryside. There were only a few historians in the time of Ancient Greece.