Basic termination system in low cost washing machines in days if not decades past. Main aspect in mass production is cost of parts. There is no bottom, a factory uses what is low cost to get an item working, ready for sale and works to warranty period. Most assuredly it is rarely a matter of what is best for engineering. All the same, these types of blocks can work for long periods, are neat and tidy, show all the connections visibly at a glance, did obviate the need for insulation covering of individual flying crimp lugs.
As a repair or restoration you can use anything you like, cost for one off is not the most important, best part for the job is.
As an aside, you get a handle on cost and processes, my apprenticeship was in mass production technology, sitting at a foot operated ( Manual not pneumatic ) press, hand feeding 55,000 crimp terminations, you come to understand all the dynamics or boredom, even to a 16 year old boy.... j