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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.
Included in ancient Greece is the period of Classical Greece, which flourished during the 5th to 4th centuries BC.Classical Greece began with the repelling of a Persian invasion by Athenian leadership.Because of conquests by Alexander the Great of Macedonia, Hellenistic civilization flourished from Central Asia to the western end of the Mediterranean Sea.lassical Greece began with the repelling of a Persian invasion by Athenian leadership. Because of conquests by Alexander the Great of Macedonia, Hellenistic civilization flourished from Central Asia to the western end of the Mediterranean Sea.