Python was created in the late 1980s by Guido van Rossum. It draws influence from many other languages like ABC, Modula-3, C, C++, Algol68, SmallTalk, and Unix shell scripting languages. Python is an interpreted, interactive, object-oriented scripting language that is highly readable and easy to maintain. It has a large standard library and supports features like being interactive, object-oriented programming, databases, GUI programming, and is portable across platforms.