I am not really an expert but here is my best shot at explaining it based on a 5 minute web search.
Cobol/fortran were designed to run off punch cards, specific columns of the punch card were reserved to specific tasks, things like the sequence number, if the line is a comment, continuation lines.
https://en.wikipedia.org/wiki/COBOL#Code_format
https://web.ics.purdue.edu/~cs154/lectures/lecture024.htm
In python the indentation is a sort of enforced code style guide(sort of like go's refusal to let you load unused modules), by making the indentation you would do normally part of the block syntax, all python programs have to have high quality indentation. whether that author wants to or not.
Columns seven through 72 were for your code