Yes it completely makes it so third party candidates cannot become president. Presidential candidates who did not win a majority of the popular vote were elected president because of the electoral college. Presidential candidates mainly only campaign in swing states.
Laissez-Faire economics is when the government doesn't get involved in the economic affairs of a nation.
Because the remaining workers had more tools and land to work so they became more productive so they produced more. When workers are working harder employers are willing to pay more.