San Jose is a international city, notable as a center of innovation, for its affluence, Mediterranean climate, and extremely substantial cost of residing. San Jose’s place inside the booming substantial tech market, as a cultural, political, and economic center has earned the city the nickname “Capital of Silicon Valley”. San Jose is one of the wealthiest significant 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), according to the Brookings Institution. The San Jose Metropolitan Spot has the most millionaires and the most billionaires in the United States per capita. With a median home price of $one,085,000, San Jose has the most pricey housing market in the country and the fifth most pricey housing market in the globe, according to the 2017 Demographia Global Housing Affordability Survey. Significant international tech businesses which includes 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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Just before the arrival of the Spanish, the region 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 grew to become a component 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 years later, San Jose grew to become the state’s 1st capital. Following Planet War II, San Jose experienced an economic boom, with a rapid population growth and aggressive annexation of nearby cities and communities carried out in the 1950s and 1960s. The rapid growth of the substantial-technological innovation and electronics industries more accelerated the transition from an agricultural center to an urbanized metropolitan region. 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 become the international center for the substantial tech and net industries, creating it California’s quickest-developing economic climate.