Why is "All Accounts" missing from the List View dropdown by default in Lightning? (forcing Global Search)

Hi Trailblazers, 

I am a Sys Admin, and I’m facing a very frustrating behavior in Salesforce Lightning I am not used to. 

I miss the old Salesforce Classic way where you could simply click on the Accounts tab and find the "All Accounts" list view right there in the dropdown to select it. 

Currently, in my org, when I click on the Accounts tab, "All Accounts" does not appear anywhere in the List View dropdown. The only way I can actually see all accounts is by literally typing "all accounts" in the Global Search bar. When I do that and press enter, Salesforce shows me then All Accounts as one of the list views to select. 

Why does Salesforce hide the standard "All Accounts" view from the dropdown by default in newer orgs, forcing us to use Global Search?.

Is there a hidden global setting to restore the classic behavior so "All Accounts" is natively available in the dropdown without having to build a custom list view for every single object? 

Looking forward to your insights!