Answer:
The Great Schism split the main faction of Christianity into two divisions, Roman Catholic and Eastern Orthodox. Today, they remain the two largest denominations of Christianity. The Great Schism was both a spiritual and practical conflict.
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It was important because it was something like a first document on running a colony. Basically, if people wanted to sign it then they would and they would have to obey it. They would work hard and do their best to improve the colony and those not supporting the growth of the colony would be punished.
