A partial wave analysis of pion photoproduction has been obtained in the framework of fixed-t dispersion relations valid from threshold up to 500 MeV . In the resonance region we have precisely determined the electromagnetic properties of the ∆(1232) resonance, in particular the E2/M1 ratio R EM = (−2.5 ± 0.1)%. For pion electroproduction recent experimental data from Mainz, Bates and JLab for Q 2 up to 4.0 (GeV/c) 2 have been analyzed with two different models, an isobar model (MAID) and a dynamical model. The E2/M1 ratios extracted with these two models show, starting from a small and negative value at the real photon point, a clear tendency to cross zero, and become positive with increasing Q 2 . This is a possible indication of a very slow approach toward the pQCD region. The C2/M1 ratio near the photon point is found as R SM (0) = (−6.5 ± 0.5)%. At high Q 2 the absolute value of the ratio is strongly increasing, a further indication that pQCD is not yet reached.