This thesis is about the baptism of the Holy Spirit. We methodologically deals with it in three directions. Firstly, we typologically approach the existing various theories of the baptism of the Holy Spirit. You can find two grand types, such as experience-oriented type of the Evangelical churches and dogmaoriented type of the Reformed churches. Secondly, we historically handle the American ecclesiastical contexts of the late nineteenth century in which the baptism with the Holy Spirit was most actively debated and practiced in the church history. Especially, the ideas of Martin Knapp and William Godbey on the baptism with the Holy Spirit are studied in detail. As leaders of the Holiness Movement they enthusiastically founded theology of the baptism with the Holy Spirit in spite of the oppression of the ecclesiasticism in terms of the Episcopal Methodist Church in America. Finally, we theologically investigate the meanings of the baptism of the Holy Spirit. They are to divide in three areas, such as ecclesiastical, soteriological, and ethical area in terms of the church renewal. The ecclesiastical meaning of the baptism with the Holy Spirit is that the essential identity lies exclusively on Jesus Christ. Because the subject of the Spiritual baptism is Jesus Christ and the Holy Spirit is sent by Him for the purpose of the witnessing Jesus Christ. Its soteriological meaning is revealed with the incarnation of the Holy Spirit. That means Holy Spirit dwell in believer through the baptism of the Holy Spirit. Since then the sanctification finally starts in believer. In addition, we find its ethical meaning in his or her act of resistance against all kinds of secular or ecclesiastical humanism. It defies the true identity of Jesus-centered Spiritual community of the church. In its final analysis, the most important thing is that believers or Christian communities should experience the incarnation of the Holy Spirit through the Pentecostal baptism with the Holy Spirit, whether it happens on the regeneration or after.