San Jose is a international city, notable as a center of innovation, for its affluence, Mediterranean climate, and really substantial value of living. San Jose’s area within 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 one of the wealthiest significant cities in the United States and the globe, and has the third highest GDP per capita in the globe (soon after Zürich, Switzerland and Oslo, Norway), according 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 house cost of $1,085,000, San Jose has the most high-priced housing market place in the nation and the fifth most high-priced housing market place in the globe, according to the 2017 Demographia International Housing Affordability Survey. Main international tech firms 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 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 grew to become a portion of Mexico in 1821 soon 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 accomplished statehood two years later, San Jose grew to become the state’s very first capital. Following World War II, San Jose seasoned an economic boom, with a fast population growth and aggressive annexation of close by cities and communities carried out in the 1950s and 1960s. The fast growth of the substantial-technological innovation and electronics industries further accelerated the transition from an agricultural center to an urbanized metropolitan region. 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 turn out to be the international center for the substantial tech and internet industries, creating it California’s fastest-growing economic system.