Your best bet would be to do a search. It is far too complicated to type up enough for a paper on here.
It basically says there is an ultimate cause for everything and all things are made from it and work because of it but it does not consciously do any of those things.
Through the manifestations of Tao we can learn to understand it and learn to live in accordance with it.
Taoism, the mainstream religion of china, is a form of animism, a nature as god religion and where the saying "go with the flow" comes from as in go with the flow of the Tao for if you do, all will be good. it is when one resists the flow of Tao that unhappiness and discord begin. i think as a philosophy, Taoism has it pretty much right. that is, Taoism does not subscribe to supernatural beings and makes no claims as to why or how, the universe came into being...it simply is!
We follow the Way. If we say we don't we only continue to. My way may not be your way, but meditation may make it that way. Many say they follow the way, but we can only say, we can not know. To know is not the way, it's what you say. Hey, it's late, nearly the end of the day!
I gotta go back to my paper route. Hailku, sister!