San Jose is a global city, notable as a center of innovation, for its affluence, Mediterranean climate, and incredibly large cost of residing. San Jose’s spot within the booming large tech market, 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 key cities in the United States and the planet, and has the third highest GDP per capita in the planet (soon 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 residence cost of $1,085,000, San Jose has the most pricey housing market place in the country and the fifth most pricey housing market place in the planet, according to the 2017 Demographia International Housing Affordability Survey. Significant global tech companies such as Cisco Methods, eBay, Adobe Methods, 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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Before the arrival of the Spanish, the spot 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 first city founded in the Californias. It then grew to become 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. After California accomplished statehood two many years later, San Jose grew to become the state’s first capital. Following Globe War II, San Jose knowledgeable 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-engineering and electronics industries additional accelerated the transition from an agricultural center to an urbanized metropolitan spot. 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 become the global center for the large tech and world wide web industries, generating it California’s quickest-expanding economy.