San Jose is a global city, notable as a center of innovation, for its affluence, Mediterranean climate, and extremely substantial expense of residing. San Jose’s place inside 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 one particular of the wealthiest major cities in the United States and the world, and has the third highest GDP per capita in the world (following 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 residence price tag of $1,085,000, San Jose has the most pricey housing market place in the country and the fifth most pricey housing market place in the world, according to the 2017 Demographia International Housing Affordability Survey. Key global tech organizations 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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Prior to 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 initial city founded in the Californias. It then grew to become 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. Following California achieved statehood two years later, San Jose grew to become the state’s initial capital. Following World War II, San Jose knowledgeable 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-technological innovation 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 become the global center for the substantial tech and internet industries, generating it California’s fastest-expanding economy.