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.
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A second palace was built on the site after the disaster, and some of it still remains today.
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After the disaster, the people underwent two thousands years of neverending poverty and misery.