Python, created by Guido van Rossum in 1990, is an open-source, object-oriented programming language designed for ease of learning with a clean syntax and a strong community. It supports features such as dynamic typing, garbage collection, and has powerful built-in data structures, along with extensibility through C/C++. Python can serve as both a scripting and a full functional programming language, capable of running on various platforms and supported by a rich standard library and numerous external modules.