Answer:
Yes, that statement is correct. President Richard Nixon resigned from the office of the presidency on August 8, 1974, following the Watergate scandal and the subsequent cover-up. The scandal involved a break-in at the Democratic National Committee headquarters in the Watergate complex in Washington, D.C., during the 1972 presidential campaign. The revelations of illegal activities and the subsequent attempts to cover up those activities led to widespread controversy and a loss of public trust in the Nixon administration. Faced with impending impeachment by the House of Representatives, President Nixon chose to resign, becoming the first U.S. president to do so.