San Jose is a worldwide city, notable as a center of innovation, for its affluence, Mediterranean climate, and very large price of living. San Jose’s place inside of the booming large tech industry, as a cultural, political, and economic center has earned the city the nickname “Capital of Silicon Valley”. San Jose is 1 of the wealthiest key cities in the United States and the world, and has the third highest GDP per capita in the world (right after Zürich, Switzerland and Oslo, Norway), according to the Brookings Institution. The San Jose Metropolitan Region has the most millionaires and the most billionaires in the United States per capita. With a median house price tag of $one,085,000, San Jose has the most expensive housing market place in the country and the fifth most expensive housing market place in the world, according to the 2017 Demographia Global Housing Affordability Survey. Major worldwide tech companies like Cisco Methods, eBay, Adobe Methods, PayPal, Broadcom, Samsung, Acer, Hewlett Packard Enterprise, and Western Digital maintain their headquarters in San Jose, in the center of Silicon Valley.
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Prior to the arrival of the Spanish, the region around San Jose was inhabited by the Tamien nation of the Ohlone peoples of California. San Jose was founded on November 29, 1777, as the Pueblo de San José de Guadalupe, the first city founded in the Californias. It then grew to become a component of Mexico in 1821 right after the Mexican War of Independence. Following the American Conquest of California throughout the Mexican–American War, the territory was ceded to the United States in 1848. After California achieved statehood two many years later, San Jose grew to become the state’s first capital. Following World War II, San Jose knowledgeable an economic boom, with a speedy population development and aggressive annexation of close by cities and communities carried out in the 1950s and 1960s. The speedy development of the large-technology and electronics industries even more accelerated the transition from an agricultural center to an urbanized metropolitan region. Results of the 1990 U.S. Census indicated that San Jose had officially surpassed San Francisco as the most populous city in Northern California. By the 1990s, San Jose and the rest of Silicon Valley had grow to be the worldwide center for the large tech and web industries, generating it California’s quickest-growing economic system.