San Jose is a worldwide city, notable as a center of innovation, for its affluence, Mediterranean climate, and really high value of residing. San Jose’s place inside the booming high tech market, as a cultural, political, and financial center has earned the city the nickname “Capital of Silicon Valley”. San Jose is a single of the wealthiest main cities in the United States and the globe, and has the third highest GDP per capita in the globe (following 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 $1,085,000, San Jose has the most pricey housing market place in the nation and the fifth most pricey housing market place in the globe, according to the 2017 Demographia Worldwide Housing Affordability Survey. Significant worldwide tech companies such as 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 area 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 became a element of Mexico in 1821 following the Mexican War of Independence. Following the American Conquest of California during the Mexican–American War, the territory was ceded to the United States in 1848. Right after California accomplished statehood two many years later on, San Jose became the state’s first capital. Following Planet War II, San Jose experienced 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 high-technology and electronics industries more accelerated the transition from an agricultural center to an urbanized metropolitan area. 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 worldwide center for the high tech and world wide web industries, creating it California’s fastest-growing economy.