San Jose is a international city, notable as a center of innovation, for its affluence, Mediterranean climate, and very large value of living. San Jose’s area within the booming large tech market, as a cultural, political, and economic center has earned the city the nickname “Capital of Silicon Valley”. San Jose is a single of the wealthiest key cities in the United States and the globe, and has the third highest GDP per capita in the globe (right after Zürich, Switzerland and Oslo, Norway), in accordance 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 property price tag of $1,085,000, San Jose has the most pricey housing marketplace in the country and the fifth most pricey housing marketplace in the globe, in accordance to the 2017 Demographia International Housing Affordability Survey. Key international tech firms like Cisco Programs, eBay, Adobe Programs, 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 spot 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 part 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. Soon after California accomplished statehood two many years later on, San Jose grew to become the state’s first capital. Following Globe War II, San Jose experienced an economic boom, with a quick population development and aggressive annexation of nearby cities and communities carried out in the 1950s and 1960s. The quick development of the large-technologies and electronics industries more accelerated the transition from an agricultural center to an urbanized metropolitan spot. 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 turn out to be the international center for the large tech and internet industries, making it California’s fastest-increasing economic system.