I've heard that the two-element boolean algebra is important because it "generates the class of boolean algebras". What does this mean? Where can a I read about this?
Also, is this related to the following paragraph from Wikipedia's article on Boolean algebras?
The two-element Boolean algebra is also important in the general theory of Boolean algebras, because an equation involving several variables is generally true in all Boolean algebras if and only if it is true in the two-element Boolean algebra (which can be checked by a trivial brute force algorithm for small numbers of variables).
The two-element boolean algebra $\Bbb{B}$ generates the class of all boolean algebras $\mathsf{BA}$ in the sense that $\mathsf{BA}$ comprises all algebras (with the boolean algebra operations) that satisfy the equations that hold in $\Bbb{B}$.
In universal algebra jargon, $\mathsf{BA}$ is the variety generated by $\Bbb{B}$. See (for example) Definition 9.4 in Chapter II on p. 61 of Burris and Sankappanavar's A Course in Universal Algebra.