San Jose is a international city, notable as a center of innovation, for its affluence, Mediterranean climate, and very large expense of residing. San Jose’s spot within 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 planet, and has the third highest GDP per capita in the planet (after Zürich, Switzerland and Oslo, Norway), in accordance to the Brookings Institution. The San Jose Metropolitan Location 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 expensive housing market in the country and the fifth most expensive housing market in the planet, in accordance to the 2017 Demographia International Housing Affordability Survey. Key international tech firms such as Cisco Systems, eBay, Adobe Systems, PayPal, Broadcom, Samsung, Acer, Hewlett Packard Enterprise, and Western Digital preserve their headquarters in San Jose, in the center of Silicon Valley.
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Before the arrival of the Spanish, the region 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 very first city founded in the Californias. It then grew to become a element of Mexico in 1821 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. Right after California achieved statehood two years later, San Jose grew to become the state’s very first capital. Following Globe War II, San Jose knowledgeable an financial boom, with a quick population growth and aggressive annexation of close by cities and communities carried out in the 1950s and 1960s. The quick growth of the large-technology and electronics industries even more accelerated the transition from an agricultural center to an urbanized metropolitan region. Outcomes 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 world wide web industries, creating it California’s quickest-expanding economic climate.