San Jose is a worldwide city, notable as a center of innovation, for its affluence, Mediterranean climate, and very large price of residing. San Jose’s place inside of the booming large tech industry, as a cultural, political, and financial center has earned the city the nickname “Capital of Silicon Valley”. San Jose is one 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 home cost of $1,085,000, San Jose has the most pricey housing industry in the nation and the fifth most pricey housing industry in the world, according to the 2017 Demographia International Housing Affordability Survey. Significant worldwide tech companies which includes Cisco Programs, eBay, Adobe Programs, PayPal, Broadcom, Samsung, Acer, Hewlett Packard Enterprise, and Western Digital keep 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 element of Mexico in 1821 right after the Mexican War of Independence. Following the American Conquest of California in the course of the Mexican–American War, the territory was ceded to the United States in 1848. Soon after California attained statehood two many years later on, San Jose grew to become the state’s first capital. Following Globe War II, San Jose skilled an financial boom, with a rapid population development and aggressive annexation of nearby cities and communities carried out in the 1950s and 1960s. The rapid development of the large-technologies and electronics industries even more accelerated the transition from an agricultural center to an urbanized metropolitan region. Benefits 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 world wide web industries, generating it California’s fastest-expanding economy.