Dispensationalism is separating up scripture into particular periods of time in which God works in different ways. Two distinctions are that it tries to always interpret Scripture literally and views Israel seperately from the Church.
"Dispensationalists understand the Bible to be organized into seven dispensations: Innocence (Genesis 1:1—3:7), Conscience (Genesis 3:8—8:22), Human Government (Genesis 9:1—11:32), Promise (Genesis 12:1—Exodus 19:25), Law (Exodus 20:1—Acts 2:4), Grace (Acts 2:4—Revelation 20:3), and the Millennial Kingdom (Revelation 20:4–6). Again, these dispensations are not paths to salvation, but manners in which God relates to man. Each dispensation includes a recognizable pattern of how God worked with people living in the dispensation. That pattern is 1) a responsibility, 2) a failure, 3) a judgment, and 4) grace to move on. Dispensationalism, as a system, results in a premillennial interpretation of Christ’s second coming and usually a pretribulational interpretation of the rapture."
Theological dispensationalism breaks up the continuity of scripture and prevents people seeing the whole picture of God’s plan and purposes through the ages. Scripture is also multi-faceted, at least in part, so there are often multiple layers of interpretation.FOOTNOTES:
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