What was the significance of Mt. Olympus in ancient Greek mythology? It was also called the Underworld, residence of Hades. This was the location where the Mycenaeans attacked Troy by hiding in the wooden horse. Mt. Olympus was the residence of twelve Greek gods, with Zeus as leader. Mt. Olympus was an open air theater used for dramatic performances of comedies and tragedies.
Mount Olympus was very important to the ancient greeks because it was the home of all there gods. Therefore, if they didn't worship it, they believed that the gods would send some disaster their way. Of couse, they thought that after there leader died, if he was a good leader, he would be sent there. Because they had to worship there leader, they found it important to make Mount Olympus important.
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