I'll tell you how I think of it, in case a different person putting it a different way helps shed some light.
The throttle lever on the column sets engine RPM. This is analogous to the accelerator pedal on a car. The main difference is that, in a tractor, you typically set a fixed RPM on the throttle, whereas on a car, the RPM goes up and down as the car accelerates more and less (more RPM = more acceleration, and vice versa). You set a fixed RPM on a tractor at least in part because the throttle controls the PTO RPM, and PTO-driven implements are designed to be driven at a fixed RPM (typically, 540 RPM).
On older, gear-driven tractors, there was no hydro pedal. You simply set the rpm, pushed in the clutch, chose a gear, and let the clutch out. Away you go. Within a single gear, increasing or decreasing the tractor's throttle will cause the tractor to go faster or slower, like with a car, but that's now how a tractor is typically used. With a tractor, you typically set a fixed RPM on the throttle and then choose a travel speed by changing gears.
With a hydrostatic tractor, it can get confusing, because there is a pedal on the floor board, and we're all so used to a car that we tend to think of it as an accelerator, but it's not. The hydrostatic pedal is actually more like a gear shift than an accelerator. When the pedal is not pressed at all, the transmission is in "neutral" (sort of). As you depress the pedal just a little bit, it is like being in a very low gear: lots of torque, slow travel speed. The more you press the pedal, the higher the gear the transmission is effectively in, and you get less torque with more travel speed.
The difference between a hydrostat and a gas pedal in a car is illustrated by the way that you respond when there is not enough power. If you're going up a hill in a car and you want the car to go faster, you might press the accelerator more, or downshift. With a hydrostatic tractor, if you are going up a hill and the engine bogs down, pushing the hydrostatic pedal down more just "shifts" the tractor to an effectively higher gear. The engine just bogs some more. You actually have to let up off the pedal, "shifting" the tractor to an effectively lower gear, at which point the engine stops bogging down and you pick up speed again. You can also turn up the throttle if it isn't already maxed out, but with hydrostats, the throttle will typically be running close to max, because they perform best at higher RPMs.