Forty years ago, the words above are what was on the headlines of most of the newspapers of the day. Having announced his resignation the day before, the 37th President of the United States, Richard M. Nixon, left the presidency - becoming the only man to resign the presidency. Nixon was facing almost certain impeachment over the Watergate crisis any may have very well been removed from office after a lengthy trial.
I remember very clearly - the Brave Astronaut family was on vacation at the beach when my parents called me in to watch the television - telling me to watch, this was something I would likely never see happen again. Forty years later, it hasn't.
Nixon of course went on to "rehabilitate" himself and became an elder statesman before his death in 1994. The pardon he received from his successor, Gerald R. Ford, certainly helped, too - although Ford took a lot of heat for pardoning Nixon.