The Spartan hegemony was fallen after that battle, and the Thebans became a new power within the Hellenic world, until the rise of Macedon.
It was founded in 1938 and named after Thrasybulus, an ancient General who used Fyli as his base to liberate Athens from Sparta.
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The first major challenge to the Spartan hegemony occurred in the Corinthian War (395-387 BC).