31 You, O King, were looking, and a great image was there. This image, which was very great, and whose glory was very bright, was placed before you: its form sent fear into the heart. 32 As for this image, its head was made of the best gold, its breast and its arms were of silver, its middle and its sides were of brass, 33 Its legs of iron, its feet were in part of iron and in part of potter's earth. 34 While you were looking at it, a stone was cut out, but not by hands, and it gave the image a blow on its feet, which were of iron and earth, and they were broken in bits. 35 Then the iron and the earth, the brass and the silver and the gold, were smashed together, and became like the dust on the floors where grain is crushed in summer; and the wind took them away so that no sign of them was to be seen: and the stone which gave the image a blow became a great mountain, covering all the earth. 36 This is the dream; and we will make clear to the king the sense of it. 37 You, O King, king of kings, to whom the God of heaven has given the kingdom, the power, and the strength, and the glory, 38 Wherever the children of men are living; into whose hands he has given the beasts of the field and the birds of heaven, and has made you ruler over them all, you are the head of gold.

Matthew Henry's Commentary on Daniel 2:31-38

Commentary on Daniel 2:31-45

(Read Daniel 2:31-45)

This image represented the kingdoms of the earth, that should successively rule the nations, and influence the affairs of the Jewish church. 1. The head of gold signified the Chaldean empire, then in being. 2. The breast and arms of silver signified the empire of the Medes and Persians. 3. The belly and thighs of brass signified the Grecian empire, founded by Alexander. 4. The legs and feet of iron signified the Roman empire. The Roman empire branched into ten kingdoms, as the toes of these feet. Some were weak as clay, others strong as iron. Endeavours have often been used to unite them, for strengthening the empire, but in vain. The stone cut out without hands, represented the kingdom of our Lord Jesus Christ, which should be set up in the kingdoms of the world, upon the ruins of Satan's kingdom in them. This was the Stone which the builders refused, because it was not cut out by their hands, but it is become the head stone of the corner. Of the increase of Christ's government and peace there shall be no end. The Lord shall reign, not only to the end of time, but when time and days shall be no more. As far as events have gone, the fulfilling this prophetic vision has been most exact and undeniable; future ages shall witness this Stone destroying the image, and filling the whole earth.