Although modern Volos began to develop actively in the 19th century, the land on which it stands possesses a rich history. The city's territory is identified with ancient Iolcos — the legendary location from where, according to ancient Greek myths, Jason and the Argonauts set sail on their famous quest for the Golden Fleece. Archaeological finds in the areas of Dimini and Sesklo testify that developed settlements existed here as early as the Neolithic era. Later, during the Hellenistic period, the city of Demetrias, founded by the Macedonian ruler Demetrius Poliorcetes, played a significant role; its ruins are located within the boundaries of the modern city.
The transformation of this area into a significant center of civilization was driven by a combination of several factors:
- Geography: Its location deep within the Pagasetic Gulf, at the foot of Mount Pelion, created natural protection against winds and storms, forming an ideal natural harbor.
- Trade: Access to the sea allowed for the establishment of strong connections with other city-states and regions of the Mediterranean, turning the settlement into an important maritime hub.
- Resources: Proximity to the fertile Thessalian plain provided residents with food and raw materials for trade.
The economy of the ancient settlements on the site of present-day Volos was based on agriculture and crafts. Local masters were famous for pottery production and metalworking. Cultural life was inextricably linked with the sea and mythology: residents worshipped the Olympian gods, and the proximity of Mount Pelion, considered the home of the Centaurs, gave the region a special mystical aura.