Dispensationalism Overview

Dispensationalism is a System of Theology that recognizes 3 basic things; 1- There is a distinction between Israel and the Church.
2- Scripture is to be interpreted by the literal method unless the text itself mentions a figurative or symbolic interpretation.
3- The purpose of God in this world is His Glory. The before stated beliefs are common to dispensationalists.

Dispensations are ways of dividing time responsive to a particular revelation of the will of God. A basic understanding of the dispensations is a must if the believer is to rightly divide the Word of God.
There are 7 dispensations.
1-] Innocence- From Creation to the Fall. Genesis 1:27; 3:24 2-] Conscience- Start of civilization to the Flood. Genesis 4:1; 8:14
3-] Human Government- leaving the Ark to the Tower Of Babel. Genesis 8:15; 11:32 4-] Promise- From the Call of Abraham to Egyptian bondage. Genesis 12:1; Exodus 19:2
5-] Law-- From the 10 commandments to the end of the Gospels. Exodus 19:3; Acts 1
6-] Grace- Pentecost to the end of the Tribulation. Acts 2; Revelation 19:21
7-] Millennium- Imprisonment of Satan to the Great White Throne. Revelation 20:1; 22:7

This is a very brief outline on Dispensationalism.