It's based around the belief that pistols are:
A - Predominantly for defensive use, and the authorities want to maintain their own monopoly on who is accepted to have guns for defensive use
B - Easily concealable, making them suitable for criminal use.
The original fear that the authorities had with pistols, was the idea that they would be used against them in a soclialist/communist revolution. They were shit scared that what happened in the Russian Empire in 1917 would happen in western nations.
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