Hi,
7,65 made a comeback in Germany after WW1 because it didn't qualify as a military cartridge then.
The Swiss kept to their 7,65 parabellum until well in the 1960s (production of the Swiss 06/29 model was halted in 1949).
The US market was certainly different. US Army officials have always valued the 'stopping power' of a round over the other (ballistic) characteristics. Many countries that tested the luger in the early 1900s found the 7,65's stopping power was not good enough, the basic reason why Georg Luger redesigned the round to 9mm around 1902.
The 7,65 is the better sports shooting round, though.
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