Understanding the Symbolism Daniel 2:32-45: A Chart

Elements of the Dream	Significance	Notes
Head of gold (2:32)	Babylon (2:36-38)	The God of Heaven had allowed Nebuchadnezzar  to rule over all. The empire dominated from 605-539 B.C.
Chest and arms of silver (2:32)	Medo-Persia (2:39)	The two arms represent the Medes and the Persians. The empire dominated the world from 539-331 B.C.
Belly and thighs of bronze (2:32)	Greece (2:39)	Alexander the Great conquered the Medo-Persians in 332 B.C. The empire dominated the world from 331-146 B.C.
Legs of iron (2:33)	Rome (2:40)	Rome defeated Carthage in 146 B.C., and dominated the world until A.D. 395 (a period of over 500 years), when the nation broke into an Eastern and a Western Empire.
Feet of iron and clay (2:33)	Kingdom of the antichrist (2:41-43)	This represents a mixture of groups that will form one kingdom, but they will not stay united. The ten toes of the feet appear to represent the ten kingdoms of Revelation 13:1; 17:12.
Stone that strikes the statue, destroys it, and becomes a great mountain that fills the whole earth (2:34-35)	Eternal Kingdom of God (2:44-45)	This refers to the earthly reign of the Messiah, who will overthrow all of the kingdoms of the earth, and rule without end.