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INTRODUCTION
In our two previous articles we explored the issue of an exposition of the Bible’s philosophy of history. We noted that, in order to be valid, any attempt to exposit the Bible’s philosophy of history must contain the following six necessary elements:
(1) an ultimate purpose or goal for history toward the fulfillment of which all history moves,

(2) the recognition of distinctions or things that differ in history,
(3) a proper concept of the progress of revelation,
(4) a unifying principle which ties the distinctions and progressive stages of revelation together and directs then toward the fulfillment of the purpose of history,
(5) a valid explanation of why things have happened the way they have in the past, why things are the way they are today, and where things are going in the future, and
(6) Where have we come from? Why are we here? Where are we going?
A very significant attempt to exposit the Bible’s philosophy of history is known as Dispensationalism or Dispensational Theology.

A DEFINITION OF DISPENSATIONAL THEOLOGY
Dispensational Theology can be defined very simply
as a system of theology which attempts to develop
the Bible’s philosophy of history on the basis of the sovereign rule of God. It represents the whole of Scripture as being covered by several dispensations of God’s rule.