Gary DeLashmutt and Dennis McCallum
Covenantal Theology is typical of reformed theologians. This includes the Reformed and Christian Reformed, the Presbyterian, the Anglican (or Episcopal), and to some extent, the Lutheran. The Catholics also recognize the same approximate divisions of scriptural history, while differing on the question of man's responsibility in the covenant of grace. Taken together then, the covenantal view must be considered by far and away the predominant view.
The dispensational view is of more recent origin, arising from the evangelical awakening in American and England. Through the work of Jesse Penn-Lewis, T. Austin Sparks, J.N. Darby (who is given credit for formally bringing the view to light), Dwight Moody, C.I. Scofield (who included it in the Scofield Bible), Watchman Nee, and Lewis Sperry Chaffer, this view has become widespread and popular today. It is the view of most pentecostals, Brethren, many Baptists, and most independent Bible churches.