San Jose is a international city, notable as a center of innovation, for its affluence, Mediterranean climate, and very high value of residing. San Jose’s location within the booming high tech industry, as a cultural, political, and financial center has earned the city the nickname “Capital of Silicon Valley”. San Jose is one particular of the wealthiest main cities in the United States and the planet, and has the third highest GDP per capita in the planet (right after Zürich, Switzerland and Oslo, Norway), according to the Brookings Institution. The San Jose Metropolitan Area has the most millionaires and the most billionaires in the United States per capita. With a median home value of $1,085,000, San Jose has the most high-priced housing market place in the nation and the fifth most high-priced housing market place in the planet, according to the 2017 Demographia Global Housing Affordability Survey. Main international tech organizations such as Cisco Systems, eBay, Adobe Systems, 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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Ahead of the arrival of the Spanish, the area 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 component of Mexico in 1821 right after the Mexican War of Independence. Following the American Conquest of California for the duration of the Mexican–American War, the territory was ceded to the United States in 1848. After California accomplished statehood two years later on, San Jose became the state’s 1st capital. Following World War II, San Jose seasoned an financial boom, with a quick population development and aggressive annexation of close by cities and communities carried out in the 1950s and 1960s. The quick development of the high-technology and electronics industries additional accelerated the transition from an agricultural center to an urbanized metropolitan area. 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 high tech and web industries, making it California’s quickest-growing economy.