The Great Compromise, also known as the Connecticut Compromise, is considered one of the most important compromises in the Constitution. It was a compromise between the larger states, who wanted representation based on population, and the smaller states, who wanted equal representation. The compromise established a bicameral legislature, with the House of Representatives based on population and the Senate having equal representation for each state. This compromise allowed the Constitution to be ratified by all states, and it remains a fundamental aspect of the U.S. government today.