San Jose is a international city, notable as a center of innovation, for its affluence, Mediterranean climate, and incredibly large expense of living. San Jose’s place inside 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 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 Region has the most millionaires and the most billionaires in the United States per capita. With a median home price tag of $one,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. Major international tech companies like Cisco Systems, eBay, Adobe Systems, PayPal, Broadcom, Samsung, Acer, Hewlett Packard Enterprise, and Western Digital maintain their headquarters in San Jose, in the center of Silicon Valley.
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Ahead of the arrival of the Spanish, the region 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 initial city founded in the Californias. It then grew to become a element of Mexico in 1821 right after 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 years later, San Jose grew to become the state’s initial capital. Following Planet War II, San Jose skilled an financial boom, with a speedy population development and aggressive annexation of nearby cities and communities carried out in the 1950s and 1960s. The speedy development of the large-technology and electronics industries even more accelerated the transition from an agricultural center to an urbanized metropolitan region. 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 international center for the large tech and world wide web industries, making it California’s fastest-developing economy.