There are
five main theories about how
Revelation should be interpreted: preterist,
historicist, futurist, idealist, and eclectic. The preterist theory views
Revelation as relating only to the time in which John lived rather than to any
future period. John communicates to first-century readers how God plans to
deliver them from the wickedness of the Roman Empire.
The historicist theory
argues that Revelation gives an overview of the major movements of church
history from the first century until the return of Christ. The futurist theory
claims that most of Revelation (usually chapters 4—22) deals with a future time
just before the end of history. The idealist theory maintains that Revelation
is a symbolic portrayal of the ongoing conflict between good and evil.
Revelation offers timeless spiritual truths to encourage Christians of all
ages. The eclectic theory combines the strengths of several of the other
theories (e.g., a message to the original audience, a timeless spiritual
message, and some future fulfillment), while avoiding their weaknesses.
The Baker Illustrated Bible Handbook - New Testament

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