San Jose is a global city, notable as a center of innovation, for its affluence, Mediterranean climate, and very large cost of living. San Jose’s spot inside the booming large tech market, as a cultural, political, and financial center has earned the city the nickname “Capital of Silicon Valley”. San Jose is 1 of the wealthiest major 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 residence value of $1,085,000, San Jose has the most expensive housing market in the country and the fifth most expensive housing market in the globe, in accordance to the 2017 Demographia Worldwide Housing Affordability Survey. Significant global tech organizations which includes Cisco Programs, eBay, Adobe Programs, PayPal, Broadcom, Samsung, Acer, Hewlett Packard Enterprise, and Western Digital sustain their headquarters in San Jose, in the center of Silicon Valley.
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Just before the arrival of the Spanish, the spot all 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 1st city founded in the Californias. It then became 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. Right after California accomplished statehood two years later on, San Jose became the state’s 1st capital. Following Planet War II, San Jose skilled an financial 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-technological innovation and electronics industries further accelerated the transition from an agricultural center to an urbanized metropolitan spot. Final 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 global center for the large tech and web industries, creating it California’s quickest-developing economic climate.