Description
The M3 is an American .45-caliber submachine gun adopted by the U.S. Army on 12 December 1942, as the United States Submachine Gun, Cal. .45, M3. The M3 was chambered for the same .45 ACP round fired by the Thompson submachine gun , but was cheaper to mass produce and lighter, at the expense of accuracy. The M3 was commonly referred to as the "Grease Gun" or simply "the Greaser," owing to its visual similarity to the mechanic's tool.
In December 1944, a modernized version of the M3 known as the M3A1 was introduced into service, with all parts except the bolt, housing assembly, and receiver interchangeable with those of the M3. The M3A1 had several improvements, most significantly eliminating the troublesome crank-type cocking lever assembly, replaced by a recessed cocking slot machined into the top front portion of the bolt, letting it be cocked by putting a finger into the cocking slot and pulling back the bolt. A magazine loading tool was welded to the wire stock as well.
Source: Wikipedia