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San Jose is a international city, notable as a center of innovation, for its affluence, Mediterranean climate, and incredibly large cost of residing. San Jose’s spot inside of the booming large tech sector, as a cultural, political, and economic center has earned the city the nickname “Capital of Silicon Valley”. San Jose is one of the wealthiest main cities in the United States and the world, and has the third highest GDP per capita in the world (following Zürich, Switzerland and Oslo, Norway), in accordance to the Brookings Institution. The San Jose Metropolitan Area has the most millionaires and the most billionaires in the United States per capita. With a median house cost of $one,085,000, San Jose has the most high-priced housing industry in the country and the fifth most high-priced housing industry in the world, in accordance to the 2017 Demographia Global Housing Affordability Survey. Main international tech firms like 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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Before the arrival of the Spanish, the spot close to 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 1st city founded in the Californias. It then became a element of Mexico in 1821 following the Mexican War of Independence. Following the American Conquest of California for the duration of the Mexican–American War, the territory was ceded to the United States in 1848. After California achieved statehood two many years later, San Jose became the state’s 1st capital. Following World War II, San Jose experienced an economic boom, with a fast population development and aggressive annexation of nearby cities and communities carried out in the 1950s and 1960s. The fast development of the large-technologies and electronics industries further accelerated the transition from an agricultural center to an urbanized metropolitan spot. 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 turn out to be the international center for the large tech and web industries, creating it California’s quickest-expanding economic system.