San Jose is a global city, notable as a center of innovation, for its affluence, Mediterranean climate, and really higher cost of residing. San Jose’s spot inside of the booming higher tech industry, 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 key 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), 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 property price of $one,085,000, San Jose has the most costly housing industry in the nation and the fifth most costly housing industry in the globe, according to the 2017 Demographia Global Housing Affordability Survey. Major global tech organizations including Cisco Programs, eBay, Adobe Programs, PayPal, Broadcom, Samsung, Acer, Hewlett Packard Enterprise, and Western Digital keep their headquarters in San Jose, in the center of Silicon Valley.
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Just before the arrival of the Spanish, the location 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 became a component of Mexico in 1821 following 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 accomplished statehood two years later, San Jose became the state’s very first capital. Following World War II, San Jose experienced an financial boom, with a quick population growth and aggressive annexation of nearby cities and communities carried out in the 1950s and 1960s. The quick growth of the higher-technologies and electronics industries additional accelerated the transition from an agricultural center to an urbanized metropolitan location. 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 turn into the global center for the higher tech and world wide web industries, creating it California’s quickest-increasing economic system.