In the BODY of a web page, text is formatted by using block level elements. The following elements are most commonly used:

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<P> - used to enclose a paragraph and adds a space above and below the text - example.

<BLOCKQUOTE> - used to contain text quoted from another source - and is usually indented to the left and right, as well as the space above and below - similar to a paragraph - example.

<H#> - heading tags - six levels from largest to smallest - example

<DIV> - used as a 'container' for other HTML elements and displays them adds paragraph breaks before and after the contents of the <DIV> element - example.

<CENTER> - Centers text on the page - however you can achieve the same effect by using a align="center" attribute on a DIV or P or SPAN element - example