Final answer:
The Olive Branch Petition was a document drafted by the Second Continental Congress in June 1775 to offer Britain one last chance for peace. It expressed the colonists' desire for reconciliation and outlined two possible options for the British to consider.
Step-by-step explanation:
The Continental Congress offered Britain one last chance for peace with the Olive Branch Petition. The Olive Branch Petition was a document drafted by the Second Continental Congress in June 1775. It expressed the colonists' desire for reconciliation and offered two options to the British: either granting the colonists free trade and equal taxation or no taxes at all and strict trade regulations.