I think it was actually one of the Hague Conventions that decreed the use of ball ammo (FMJ) and I'm not sure we're signatories to it or not.
Back then there was no where near the amount of hollowpoint ammo we take for granted. It would have been called "dum-dum" ammo if it had been around.
Pistol ammo was cast lead. The early cap & ball revolvers used that (you can't feed FMJ ammo into them anyway).
Then along comes modern gunpowder with higher pressures and faster velocities and in order to allow the rifling to engage the bullet it had to be made deeper. But, this tore the bullet up, so then along comes a jacket -- usually copper.
That is likely why John M. Browning came up with FMJ ammo in the 1911 -- and why it was used in many other calibers, especially rifle calibers.
.38SP doesn't require it but that was originally a blackpowder round, and a lot of other older calibers that came down from the blackpowder days can also use plain lead bullets.
I think Browning was just trying to keep it modern.
There was not really a lot of thought given to "dum-dum" bullets for handguns at the time, as I recall. I could be wrong.....but that's my 2¢.