San Jose is a worldwide city, notable as a center of innovation, for its affluence, Mediterranean climate, and incredibly large value of residing. San Jose’s place inside of the booming large tech market, 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 significant cities in the United States and the globe, and has the third highest GDP per capita in the globe (following Zürich, Switzerland and Oslo, Norway), in accordance 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 house price of $one,085,000, San Jose has the most costly housing market place in the country and the fifth most costly housing market place in the globe, in accordance to the 2017 Demographia Worldwide Housing Affordability Survey. Key worldwide tech companies such as Cisco Systems, eBay, Adobe Systems, 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 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 1st city founded in the Californias. It then became a part of Mexico in 1821 following the Mexican War of Independence. Following the American Conquest of California in the course of the Mexican–American War, the territory was ceded to the United States in 1848. Following California attained statehood two years later, San Jose became the state’s 1st capital. Following World War II, San Jose seasoned an economic boom, with a speedy population development and aggressive annexation of close by cities and communities carried out in the 1950s and 1960s. The speedy development of the large-engineering and electronics industries 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 worldwide center for the large tech and internet industries, producing it California’s fastest-growing economy.