San Jose is a international city, notable as a center of innovation, for its affluence, Mediterranean climate, and extremely large cost of living. San Jose’s area inside the booming large 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 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 price of $1,085,000, San Jose has the most costly housing industry in the nation and the fifth most costly housing industry in the globe, in accordance to the 2017 Demographia International Housing Affordability Survey. Major international tech businesses which includes Cisco Methods, eBay, Adobe Methods, 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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Just before the arrival of the Spanish, the region close to 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 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. After California accomplished statehood two many years later, San Jose became the state’s 1st capital. Following Planet War II, San Jose skilled an economic boom, with a fast population development and aggressive annexation of nearby cities and communities carried out in the 1950s and 1960s. The fast development of the large-technology and electronics industries 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 become the international center for the large tech and net industries, producing it California’s fastest-growing economy.