Nebuchadnezzar died in 562 B.C., but the beginning of Belshazzar's service as coregent with Nabonidus in 553 B.C. became important because it was in that year that Daniel had the first of his four visions in Daniel chapter 7. Actually Daniel chapters 7 and 8 both occur in the time period between Daniel chapter 4 and chapter 5, and are out of chronological order for whatever reasons Daniel had for doing so. The fact is that Daniel had recieved the revelation of chapters 7 and 8 before he came to Belshazzar's feast, where at that time Babylon fell ( see chapter 5).
Beginning in chapter 7, Daniel is shown visions of future world history. In Da. 7-1-7, the vision of this chapter occurred, as told to us by Daniel. "In the first year of Belshazzar king of Babylon" (v.1), probably the year 553 B.C. or 14 years before the Medes and the Persians conquered Jerusalem. As was noted, this vision already was past when Belshazzar held his feast in chapter 5. In seeing this vision Daniel records he saw "the four winds of heaven churning up the great sea" (Da, 7-2). The four beasts described later that came up out of this sea (verses 2-3).

The first beast was compared to a lion having the wings of an eagle (v.4). As Daniel watched the wings were torn off and the eagle was lifted off the ground, and "the heart of a man was given to it" (v.4). Daniel describes the second beast as "like a bear." Raised up on one of its sides, and it had three ribs in its mouth, and it was told, "Get up and eat your fill of flesh" (v.5). The third beast resembled a leopard with four wings such as a bird would have and four heads. This beast also "was given authority to rule" (v.6). The fourth beast, Daniel sees as the most frightening. "It had large iron teeth; it crushed and devoured its victims and trampled underfoot whatever was left. It was different from all the other beasts, and it had ten horns." In Dan. 7-8-10, Daniel continues recording the vision. He saw an 11th horn ( coming out from the 10th horn), "a little one, which came up among them, where in which three of the first horns were uprooted before it. This horn had eyes like the eyes of a man and a mouth that spoke boastfully" (v.8).
Then the vision changes from the four beasts to a scene in heaven. Daniel sees one as "the ancient of days" (v.9). A countless number stood before him and worshipped him. "The court was seated, and the books were opened." Dan. 7-11-14 continues recording the vision, where there he sees that "the beast was slain and its body destroyed and thrown into the blazing fire" (v.11). This refers to the fourth beast, or last of the four. Where at this point the first three beasts "had been stripped of their authority, but were allowed to live for a period of time"(v.12). Then Daniel saw "One like a Son of Man, coming with the clouds of heaven. He approached the Ancient of days and was led into his presence. He was given authority, glory and sovereign power; all peoples, nations and men of every lanquage worshipped him. His dominion is an everlasting dominion that will not pass away, and his kingdom is one that will never be destroyed" (verses 13-14).
Like the image in chapter 2, these four beasts represent 4 kingdoms. The first which was like a lion and an eagle represented Babylon. The second kingdom represented the Medo-Persian Empire which conquered Babylon in 539 B.C. ( Dan. chap. 5). Like a bear it had great power, but not like Babylon. The third kingdom represented Greece (Dan. 8-21), the rapid conquests of Alexander the Great who conquered all of western Asia was the fulfillment of the Leopard. The Leopard is a beast capable of great speed like Alexander's conquests. When Alexander died in Babylon in 323 B.C., the Empire was divided among his four generals, represented by the four heads and four wings. They were Lysimachus who was given Thracr and Bithynia; Cassander who was given Macedonia and Greece; Seleucus who was given Syria, Babylonia, and land to the east; and Ptolemy who was given Egypt, Palestine and Arabia Petrea.
The fourth kingdom was not name, but most scholars see it was historically fulfilled by the Roman Empire. As described in Dan. 7-7, it crushed and devoured the countries which it conquered. The ten horns represents a future empire which would appear in the end time. The little horn represents a ruler(called anti-christ) who would come up in this final kingdom in the end time. Just as the image was destroyed in Daniel chapter 2, so this fourth beast was destroyed by fire seen in Dan. 7-11. The first three beasts were distinquished from the fourth in that instead of being cut off, they were allowed to continue for a time, that is, each was absorbed in the kingdom that followed, whereas the final kingdom will be suddenly destroyed (v.12).
In Dan. 7-15-22, he did not understand the image, and he asked one who was standing by the meaning of the vision (verses 15-16). Daniel was told "The four great beasts are four kingdoms that will rise from the earth. But the saints of the Most High will recieve the kingdom and will possess it forever, yes, forever and ever" (verses 17-18). Daniel then declares, "Then I wanted to know the true meaning of the fourth beast, which was different from all the others and most terrifying, with its iron teeth and bronze claws--the beast that crushed and devoured its victims and trampled underfoot whatever was left. I also wanted to know about the ten horns on its head and about the other horn that came up, before which three of them fell; the horn that looked more imposing than the others and that had eyes and a mouth that spoke boastfully" (verses 19-20). He continues, "As I watched, this horn was waging war against the saints and defeating them, until the Ancient of days came and pronounced judgement in favor of the saints and the Most High, and the time came when they possessed the kingdom" (verses 21-22).
Dan. 7-23-28, here Daniel is given this explanation; "The fourth beast is a fourth kingdom that will appear on the earth. It will be different from all the other kingdoms and will devour the whole earth, trampling it down and crushing it. The ten horns are ten kings who will come from this kingdom (within this final kingdom). After them another king will arise, different from the earlier ones; he will subdue three kings. He will speak against the Most High and oppress his saints and try to change the set times and the laws. The saints will be handed over to him for a time, times and half a time" (verses 23-25). Daniel is told that this final kingdom described as the fourth beast will "devour the whole earth, trampling it down and crushing it."
Most agree that the first three kingdoms have come and gone in history, they being Babylon, Medo-Persia and Greece. The fourth Empire, though not named here, is seen by most scholars as being the Roman Empire. But the last stage of this fourth beast, described here as the ten horn stage, and seen in chapter 2 of Daniel as being the feet and toes of the image, called "the divided kingdom", was never fulfilled. Nothing in history shows that fulfillment, neither by Rome or other kingdoms.
Dan. 7-26-27, tells us the conclusion of these events after their fulfillment. "But the court will sit, and his power will be taken away and completely destroyed forever. Then the sovereignty, power and greatness of the kingdoms under the whole heaven will be handed over to the saints, the people of the Most High. His kingdom will be an everlasting kingdom, and all rulers will worship and obey him." We see that this interpretation runs parallel to chapter 2 where the prophecy of the destruction of the feet of the image and the whole image itself is destroyed, bringing in God's Kingdom forever. If it were not future prophecy, but prophecy fulfilled in history, then also would Dan. 7-26-27 here, be past fulfillment. So it is clear from scripture that it was future prophecy to be fulfilled in the end time.
Daniel begins to describe the second vision in Dan. 8-1-4. "There before me was a ram with two horns, standing beside the canal, and the horns were long. One of the horns was longer than the other but grew up later. I watched the ram as he charged toward the west and the north and the south. No animal could stand against him, and none could rescue from his power. He did as he pleased and became great"(verses 3-4). Verse 20 tells us who the ram is, "The two-horned ram which you saw represents the kings of Media and Persia. The longer horn represented the greater power of Persia. Verse 4 states they destroyed everything that was before them going to the west, north and south. At the height of the Persian power, it conquered Babylon in October 539 B.C.
In Dan. 8-5-8, he writes, "Suddenly a goat with a prominent horn between its eyes came from the west, crossing the whole earth without touching the ground. He came toward the two-horned ram I had seen standing besides the canal and charged him with great rage. I saw him attack the ram furiously, striking the ram and shattering his two horns. The ram was powerless to stand against him; the goat knocked him to the ground and trampled on him, and none could rescue the ram from his power. The goat became very great, but at the height of his power his large horn was broken off, and in its place four prominent horns grew up towards the four winds of heaven." Verse 21 of Daniel tells us the meaning of this vision. "The shaggy goat is the king of Greece, and the large horn between his eyes is the first king." We see that the goat represented Greece who would rule the Middle East in the time of Alexander the Great. Rather than two horns which is normal for a goat, only one large horn was placed between the eyes of the goat who was declared to be "the first king."
Alexander the Great with rapid marches of his army conquered the whole Middle East and went as far as India. We see this in Daniel chapter 7 where the 3rd Empire Greece, was compared to a Leopard, a very swift animal; also described as having 4 wings, implying great speed. The prediction that the large horn, representing Alexander the Great, would be broken off at the height of its power was fulfilled by Alexander's death in Babylon. He died in 323 B.C. at 33 years of age. After his death the conquered territories were divided among his four generals, they represented the four horns.
Dan. 8-9-12. Here, Daniel saw a little horn come up in addition to the four prominent horns, and this little horn "grew in power to the south and to the east and toward the beautiful land"(v.9). The ram, the Medo-Persian Empire, went largely to the west and not to the east in keeping with what the Medo-Persian Empire did. The goat instead, coming from Greece in the west, attacked the Middle East from the west. The conquests of Alexander were always east of Greece. However, the little horn began his power to the south and to the east and toward the beautiful land, refering to the holy land. Therefore this indicates that the little horn would have to lie at that time somewhere north and west of these areas it would come against that would lie to the south and east of it. So like Alexander who came from the west, so also the little horn can be seen as coming from, where it would first grow in power moving south then east, then further east toward the holy land. This is very important to know in order to know exactly "who" this little horn is in our history that most see and agree to have been Antiochus Epiphanes, but was it?
There is a distinction between the little horn which is mentioned here and the little horn of Dan. 7-8. The little horn of Daniel 7 came out of the 4th empire and its final stage referred to the future. But here, the little horn of Daniel 8 came out from the "4 horn kingdoms established at that time after Alexander's death." Alexander's kingdom being the 3rd , which was Greece. As Daniel watches he saw, "It grew until it reached the hosts of the heavens, and it threw some of the starry host down to the earth and trampled on them. It set itself up to be as great as the Prince of the host; it took away the daily from him, and the place of his sanctuary was brought low. Because of rebellion the hosts of the saints and the daily were given over to it. It prospered in everything it did., and truth was thrown to the ground" (Dan. 8-10-12).