Depression-fueled stampede

Question

Mises’s theory earned a respectful hearing in European circles before the Keynesian revolution of the 1930s swept the academic boards, but was all but forgotten in the Depression-fueled stampede to blame the free market for economic convulsions.

Actually, I can't understand this sentence from 'all but....stampede'. Could you tell me what it means?

CalifJim · Accepted Answer

rpshbut was all but forgotten in the Depression-fueled stampede to blame the free market for economic convulsions.

but was almost completely forgotten as people responded to the Depression with ever more angry and contagious fervor to blame the free market (economic system) for the instability of the economy.

CJ

Rpsh · Answer

Could you tell me what the word 'Depression-fueled' mean? I also see the word 'government-fueled' in the other sentence. Do they have the similar meaning?

CalifJim · Answer

rpshCould you tell me what the word 'Depression-fueled' means?

A car is gas-fueled. Gas is what makes the car move forward. Gas is the fuel.
The stampede was Depression-fueled. The Depression was what made the stampede move forward. The Depression was the fuel (metaphorically).

Do you understand that the Depression refers to a time in the U.S. in the early 1930s when the economy had collapsed, leaving millions of people in poverty? In other words the bad times caused people to blame the nation's economic system for all the troubles.

CJ

Rpsh · Answer

Yeah, I know what the Depression is. Your explanation is so vivid! Thank you so much!

Depression-fueled stampede

Top answer

Get the Weekly English Kit 📬

Related Questions