California's $3.0 trillion economy is larger than that of any other state, larger than those of Texas and Florida combined, and the largest sub-national economy in the world. If it were a country, California would be the 5th largest economy in the world (larger than the United Kingdom, France, or India), and the 36th most populous . The Greater Los Angeles Area and the San Francisco Bay Area are the nation's second- and third-largest urban economies ($1.253 trillion and $907 billion respectively ), after the New York metropolitan area. The San Francisco Bay Area PSA had the nation's highest GDP per capita in 2017 (~$94,000) among large PSAs, and is home to three of the world's ten largest companies by market capitalization and four of the world's ten richest people.
In California's 12th congressional district election, 1946, the candidates were five-term incumbent DemocratJerry Voorhis, Republican challenger Richard Nixon, and former congressman and Prohibition Party candidate John Hoeppel. Nixon was elected with 56% of the vote, starting him on the road that would lead, almost a quarter century later, to the presidency. For the 1946 election, Republicans sought a candidate who could unite the party and run a strong race against Voorhis in the Republican-leaning district. After failing to secure the candidacy of General George Patton, they settled on Lieutenant Commander Richard Nixon, who had lived in the district prior to his World War II service. Various explanations have been put forward for Nixon's victory, from national political trends to red-baiting on the part of the challenger. Some historians contend that Nixon received large amounts of funding from wealthy backers determined to defeat Voorhis, while others dismiss such allegations.