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Page 13
After the-election of the Emperor the next problem was how to divide the conquered territory among the participants in the crusade. The sharing of Romania (Partitio Romanie), as the Latins and Greeks often called the Eastern Empire, was carried out, generally speaking, upon the basis of the conditions established in March, 1204. Constantinople was divided between Baldwin and Dandolo, so that the Emperor received five-eighths of the city and the Doge the other three-eighths and St. Sophia, Besides five-eighths of the capital, Baldwin was awarded the territory of southern Thrace and a small part of northwestern Asia Minor adjoining the Bosporus, the Sea of Marmara, and the Hellespont; some of the larger islands of the Aegean (Archipelago), for example, Lesbos, Chios, Samos, and some others, were also assigned to him. Thus, both shores of the Bosporus and Hellespont came under the power of Baldwin.
Boniface of Montferrat as compensation for having missed the imperial crown was promised some possessions in Asia Minor, but he actually received Thessalonica with the surrounding territory in Macedonia and the north of Thessaly, forming the Kingdom of Thessalonica, which he held as Baldwin's vassal.
Venice secured the lion's share of the partition of Romania. The Republic of St. Mark received some points on the Adriatic shore, for example, Dyrrachium, the Ionian islands, the greater part of the islands of the Aegean, some places in the Peloponnesus, the island of Crete, some seaports in Thrace, with Gallipoli on the Hellespont, and some territory in the interior of Thrace. Dandolo assumed the Byzantine title of Despot, was released from paying homage to the Emperor, and styled himself lord of the fourth and a half of all the Empire of Romania, that is to say, of three-eighths (quartae partis et dimidiae totius imperii Romanie dominator); this title was used by the doges until the middle of the fourteenth century. According to the treaty, the Church of St. Sophia was delivered into the hands of the Venetian clergy, and a Venetian, Thomas Morosini, was raised to the patriarchate and became the head of the Catholic church in the new Empire. A Byzantine historian, Nicetas Choniates, a strong partisan of the Greek Orthodox church, gave in his history a very unfavorable portrait of Thomas Morosini.
It is clear that, owing to the acquisitions made by Venice, the new Empire was very weak compared with the powerful Republic, whose position in the East became commanding. The best part of the Byzantine possessions passed into the hands of the Republic of St. Mark, the best harbors, the most important strategic points, and many fertile territories; the whole maritime way from Venice to Constantinople was in the power of the Republic. The Fourth Crusade, which had created the Colonial Empire of Venice in the East, gave the Republic innumerable commercial advantages and raised her to the pinnacle of her political and economic power. It was a complete victory for the able, thoughtfully pondered, and egoistically patriotic policy of Doge Dandolo.
Cf. Venetians and Crusaders take Constantinople (1204) - Plunder of the Sacred Relics, by E. Pears
A History of the Byzantine Empire - Table of Contents
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Reference address : https://ellopos.net/elpenor/vasilief/fourth-crusade.asp?pg=13