San Jose is a international city, notable as a center of innovation, for its affluence, Mediterranean climate, and really substantial value of residing. San Jose’s location inside of the booming substantial tech business, as a cultural, political, and economic center has earned the city the nickname “Capital of Silicon Valley”. San Jose is 1 of the wealthiest main cities in the United States and the world, and has the third highest GDP per capita in the world (soon 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 price of $one,085,000, San Jose has the most high-priced housing marketplace in the country and the fifth most high-priced housing marketplace in the world, according to the 2017 Demographia Worldwide Housing Affordability Survey. Major international tech companies such as Cisco Systems, eBay, Adobe Systems, 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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Ahead of the arrival of the Spanish, the area 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 element of Mexico in 1821 soon after 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 accomplished statehood two many years later, San Jose became the state’s 1st capital. Following World War II, San Jose seasoned 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 substantial-technologies and electronics industries further accelerated the transition from an agricultural center to an urbanized metropolitan area. 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 substantial tech and world wide web industries, producing it California’s fastest-expanding economy.