Spaces of orderings which
are direct limits of finite spaces of orderings arise in a natural way. Every space of
orderings is canonically a quotient space of such a space. In this paper we
examine the internal structure of such spaces. In particular, we examine
how the classification theory for finite spaces of orderings carries over to
such spaces. We also establish a relationship between spaces of orderings
which are direct limits of finite spaces and certain corresponding types of
ultrasums of spaces of orderings. This has application to the problem of
representing a space of orderings as the space of orderings of a Pythagorean
field.