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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.
SELEUCID EMPIRE, founded in 312/311 BCE by Seleucus I Nicator, formerly a general in the army of Alexander the Great.Adopting the titles âKing of Asiaâ and âGreat King,â the Macedonian rulers of the Seleucid dynasty laid claim to the territory of the former Achaemenid empire during the Hellenistic period.rom the reign of Antiochus I onwards, the history of the Seleucid dynasty was dominated by a relentless enmity with the Ptolemies, the family who controlled Egypt and maintained a naval empire in the eastern Mediterranean and the Red Sea.