San Jose is a worldwide city, notable as a center of innovation, for its affluence, Mediterranean climate, and really substantial value of residing. San Jose’s area inside of the booming substantial tech industry, as a cultural, political, and economic 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 (soon 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 property price of $one,085,000, San Jose has the most costly housing marketplace in the nation and the fifth most costly housing marketplace in the world, according to the 2017 Demographia Global Housing Affordability Survey. Key worldwide tech companies including Cisco Programs, eBay, Adobe Programs, 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 area 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 initial city founded in the Californias. It then became a portion of Mexico in 1821 soon after the Mexican War of Independence. Following the American Conquest of California throughout the Mexican–American War, the territory was ceded to the United States in 1848. Soon after California attained statehood two years later on, San Jose became the state’s initial capital. Following World War II, San Jose experienced an economic boom, with a speedy population growth and aggressive annexation of nearby cities and communities carried out in the 1950s and 1960s. The speedy growth of the substantial-engineering and electronics industries even more accelerated the transition from an agricultural center to an urbanized metropolitan area. Benefits 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 worldwide center for the substantial tech and world wide web industries, creating it California’s fastest-developing economy.