by default, wordpress puts posts on the front page
http://codex.wordpress.org/Writing_Posts

not pages
http://codex.wordpress.org/Pages

since you deleted the default “Hello World” post, you see what you have now

you can make a post and then it will be added to front page

or

you can create a page and assign that to be your static home page
dashboard – settings – reading

you will need to then create an empty page titled “Blog” (or whatever you want) – save it – then assign that as your posts page
dashboard – settings – reading

‘Home’ is just a tab to go back to whatever page is set as your front page.

By default, it’s your posts page, your new posts will go to that page

If you want to change the page to a static one rather than your posts, make the page and set it as static in settings->reading