Los Angeles was founded on September 4, 1781, by Spanish governor Felipe de Neve. It became a part of Mexico in 1821 following the Mexican War of Independence. In 1848, at the end of the Mexican–American War, Los Angeles and the rest of California were purchased as part of the Treaty of Guadalupe Hidalgo, thereby becoming part of the United States. Los Angeles was incorporated as a municipality on April 4, 1850, five months before California achieved statehood.
Nicknamed the City of Angels, Los Angeles is a leading world center of business, international trade, entertainment, culture, media, fashion, science, sports, technology, and education, and has been ranked sixth in the Global Cities Index and 13th in the Global Power City Index. The city is home to renowned institutions covering a broad range of professional and cultural fields and is one of the most substantial economic engines within the United States. The Los Angeles combined statistical area (CSA) has a gross metropolitan product (GMP) of $831 billion (as of 2008), making it the third largest in the world, after the Greater Tokyo and New York metropolitan areas. As the home base of Hollywood, the city leads the world in the creation of motion pictures, television productions, stage productions, video games, and recorded music. Additionally, Los Angeles hosted the Summer Olympic Games in 1932 and 1984.
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