Dispensationalism

The greatest heresy among all Evangelicals is called "Dispensationalism 'with its' uniquely Jewish view of the millennium in which God will literally fulfill his OT promises to ethnic Israel, promises not given to Gentile believers."

It was well broadcasted by Scofield, considered the "father of dispensationalism." "His study Bible has now greatly influenced several generations of evangelical pastors."

"Scofield developed a correspondence Bible study course that became the basis of the work for which he is chiefly remembered, the Scofield Reference Bible, a widely circulated and popular annotated study Bible that was first published in 1909 by Oxford University Press.

This Scofield Bible teaches the theology of dispensationalism devised in the nineteenth century by John Nelson Darby, and it was largely through the influence of Scofield's notes on the Bible that dispensationalism became influential among fundamentalist Christians in the U.S.A.

This belief system sees a distinction between the Church described in the New Testament and the promises made by God in the Old Testament to ancient Israel — i.e. there are two peoples of God with two different destinies, ethnic Israel (OT) contrasted to the spiritual church (NT)."

John Hagee: one of the most famous dispensationalists today.

Ephesians 2

11 Therefore, remember that formerly you who are Gentiles by birth and called “uncircumcised” by those who call themselves “the circumcision” (which is done in the body by human hands)—

12 remember that at that time you were separate from Christ, excluded from citizenship in Israel and foreigners to the covenants of the promise, without hope and without God in the world.

13 But now in Christ Jesus you who once were far away have been brought near by the blood of Christ.

14 For he himself is our peace, who has made the two groups one and has destroyed the barrier, the dividing wall of hostility,

15 by setting aside in his flesh the law with its commands and regulations. His purpose was to create in himself one new humanity out of the two, thus making peace,

16 and in one body to reconcile both of them to God through the cross, by which he put to death their hostility.

John Nelson Darby:

The Brethren claimed to be teaching "rediscovered truths." Darby is noted in the theological world as the father of "dispensationalism." He is said to have originated the "secret rapture" theory wherein Christ will snatch away his true believers from this world without warning.

Some authors (e.g. Evangelicals and Israel: Theological Roots of a Political Alliance) claim that dispensationalism theory influenced the British government to issue the Balfour Declaration 1917. If this is true, Darby influenced current world events.

Source: http://www.theopedia.com