History A-Level
Monetary policy
What Monetary policy means in History A-Level, as defined for AQA.
Definition of Monetary policy
Check what you remember
Read the wording for your board, then hide it and explain Monetary policy in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Economic policy shifted by abandoning the Gold Standard in 1931, depreciating the pound and allowing interest rates to fall, known as 'cheap money'.
Topics that use Monetary policy
- 2M Wars and Welfare: Britain in Transition, 1906–1957 – only) The 'Hungry Thirties', 1929–1939 (A-level only) (AQA A-Level)
Related terms
- Constitutional stability
- Cultural escapism versus social realism
- Economic depression
- Government intervention
- Impact of international relations on domestic society
- Political extremism
- Protectionism
- Public order and radicalism
Using Monetary policy in the exam
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