Question

Mention the factors that have favoured the growth of the It industry in silicon valley?

Answer 1

Answer:

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Answer 2

In the earlier days, California was like any other American town, i.e, agrarian, rural and housed many American settlers.

• However, the Gold Rush which started in 1849 led to the initial development of the Silicon valley.
• Till 1852, more than 50,000 people had migrated to San Francisco in search of  the American dream.
• Many industrialists and business people also migrated to this region and started developing business to provide basic services to the settlers.
• As a result, many clothing, banking and other big industries were developed in the region which provided employment and goods to the people.  
• The establishment of Stanford University also led to the rapid growth and development of this region.  
• Finally, in 1939, the establishment of the Hewlett Packard industry, led to the booming growth of the technological industries in the region.