Yes, I have to agree that when I was a child, we were much better armed !
Many of us had a pocket knife, most common would be ex WW2 Army. There would be a good distribution of catapults (with which a couple of us were lethal), home made bows and arrows, spears etc. Tomahawks would have been very cool but I don't recall any hand axes being pressed into service.
Distribution of air rifles (usually a BSA .177) would have averaged about 1 per street. Lack of slugs was always a problem.
Surprisingly nothing ever seemed to go wrong! We were told to look after the younger ones and be home for tea then set loose in the countryside.