San Jose is a international city, notable as a center of innovation, for its affluence, Mediterranean climate, and very large cost of residing. San Jose’s spot inside of the booming large tech sector, as a cultural, political, and financial center has earned the city the nickname “Capital of Silicon Valley”. San Jose is a single 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), in accordance 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 property price tag of $one,085,000, San Jose has the most high-priced housing market in the country and the fifth most high-priced housing market in the world, in accordance to the 2017 Demographia Global Housing Affordability Survey. Significant international tech organizations like Cisco Techniques, eBay, Adobe Techniques, 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 area 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 first 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. After California accomplished statehood two many years later on, San Jose became the state’s first capital. Following World War II, San Jose seasoned an financial boom, with a rapid population development and aggressive annexation of close by cities and communities carried out in the 1950s and 1960s. The rapid development of the large-technological innovation and electronics industries more 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 turn into the international center for the large tech and internet industries, creating it California’s quickest-developing economic system.