San Jose is a international city, notable as a center of innovation, for its affluence, Mediterranean climate, and extremely higher cost of living. San Jose’s spot within the booming higher tech business, as a cultural, political, and economic 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 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 Spot 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 expensive housing market place in the nation and the fifth most expensive housing market place in the globe, in accordance to the 2017 Demographia International Housing Affordability Survey. Key international tech organizations which includes Cisco Systems, eBay, Adobe Systems, 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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Just before the arrival of the Spanish, the location all 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 very first 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 for the duration of the Mexican–American War, the territory was ceded to the United States in 1848. Right after California attained statehood two many years later on, San Jose became the state’s very first capital. Following World War II, San Jose skilled an economic boom, with a rapid population growth and aggressive annexation of nearby cities and communities carried out in the 1950s and 1960s. The rapid growth of the higher-technological innovation and electronics industries even more accelerated the transition from an agricultural center to an urbanized metropolitan location. 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 out to be the international center for the higher tech and world wide web industries, creating it California’s fastest-growing economic system.