This is the current popular view of prophecy.

It is called the FUTURISTIC SCHOOL, but it is only about 150 years old.

None of the Reformers and no Bible teacher on record, taught the Futurist position before the year 1830 A.D.

Here is a list of the six prominent theories of apocalyptic interpretation. PDF

If you wish to read a good elementary introduction to all the views first read:
Bible Prophecy - PDF - G. R. DAWE. Especially the section on "Definitions".

This would be another good place to start. Introduction to the Book of Revelation - STEVE GREGG