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What Were the Financial Benefits of the Crusades

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The Crusaders’ first major stop was the Byzantine capital of Constantinople, where the leaders planned to formulate a long-term strategy and to stock up on provisions for their final push into the Holy Land. The various western European counts were astonished by the grandeur and wealth of the city, which was reinforced when Alexius I promised to make the Crusaders wealthy beyond their dreams if they could help him reclaim his lost land from the Muslims. According to Alexius I’s biographer and daughter, Anna Comnena, the Crusaders were truly impressed.
 
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“Alexius set aside a room in the palace precincts and had the floor covered with all kinds of wealth: clothes, gold and silver coins, objects of lesser value filled the place so completely that it was impossible for anyone to walk in it. He ordered the man deputed to show Bohemond these riches to open the doors suddenly. Bohemond was amazed at the sight. ‘If I had such wealth,’ he said, ‘I would long ago have become master of many land.’” <ref> Comnena, Anna. <i>The Alexiad.</i> Translated by E.R.A. Sewter. (London: Penguin, 2009), Book 10, xi</ref>

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