San Jose is a global city, notable as a center of innovation, for its affluence, Mediterranean climate, and very substantial expense of living. San Jose’s place inside the booming substantial 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 significant cities in the United States and the planet, and has the third highest GDP per capita in the planet (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 residence cost of $1,085,000, San Jose has the most expensive housing industry in the nation and the fifth most expensive housing industry in the planet, according to the 2017 Demographia International Housing Affordability Survey. Key global tech businesses which includes Cisco Techniques, eBay, Adobe Techniques, PayPal, Broadcom, Samsung, Acer, Hewlett Packard Enterprise, and Western Digital sustain their headquarters in San Jose, in the center of Silicon Valley.
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Prior to the arrival of the Spanish, the region about 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 component 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. Soon after California achieved statehood two many years later on, San Jose became the state’s 1st capital. Following Globe War II, San Jose skilled an financial boom, with a fast population development and aggressive annexation of close by cities and communities carried out in the 1950s and 1960s. The fast development of the substantial-technology and electronics industries more accelerated the transition from an agricultural center to an urbanized metropolitan region. 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 global center for the substantial tech and web industries, generating it California’s fastest-expanding economic climate.