There is no Password History Policy Rule when configuring a Password Policy
The Password History is not configured by Password Manager Policies. This setting is configured in the Domain Password Group Policy.
The Forgot My Password and Manage My Password workflows have an option to enforce Password History. The password history that is enforced comes from the Domain Password policy you have configured.
Please note the following by-design behavior of Password Manager in "Forgot my Password" when the Enforce password history option in the workflows is enabled: