31 'Thou, O king, wast looking, and lo, a certain great image. This image 'is' mighty, and its brightness excellent; it is standing over-against thee, and its appearance 'is' terrible. 32 This image! its head 'is' of good gold, its breasts and its arms of silver, its belly and its thighs of brass; 33 its legs of iron, its feet, part of them of iron, and part of them of clay. 34 Thou wast looking till that a stone hath been cut out without hands, and it hath smitten the image on its feet, that 'are' of iron and of clay, and it hath broken them small; 35 then broken small together have been the iron, the clay, the brass, the silver, and the gold, and they have been as chaff from the summer threshing-floor, and carried them away hath the wind, and no place hath been found for them: and the stone that smote the image hath become a great mountain, and hath filled all the land. 36 This 'is' the dream, and its interpretation we do tell before the king. 37 'Thou, O king, art a king of kings, for the God of the heavens a kingdom, strength, and might, and glory, hath given to thee; 38 and whithersoever sons of men are dwelling, the beast of the field, and the fowl of the heavens, He hath given into thy hand, and hath caused thee to rule over them all; thou 'art' this 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.